Michigan § 445.1521 Certain facts not to constitute finding or approval; representation inconsistent with section prohibited.

Michigan Statutes

§ 445.1521 — Certain facts not to constitute finding or approval; representation inconsistent with section prohibited.

Michigan § 445.1521

Ch. 445TRADE AND COMMERCE

Act 269 of 1974FRANCHISE INVESTMENT LAW (445.1501-445.1546)

This text of Michigan § 445.1521 (Certain facts not to constitute finding or approval; representation inconsistent with section prohibited.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.1521 (2026).

Text

FRANCHISE INVESTMENT LAW (EXCERPT) Act 269 of 1974 445.1521 Certain facts not to constitute finding or approval; representation inconsistent with section prohibited. Sec. 21.

(1)The fact that documents required under this act are filed does not constitute a finding by the department that a document filed under this act is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the department has passed in any way upon the merits or qualifications of, or recommended or given approval to, any persons, franchise, or transaction.

(2)A person shall not make or cause to be made to a prospective purchaser or offeree a representation inconsistent with this section.

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FRANCHISE INVESTMENT LAW (EXCERPT) Act 269 of 1974 445.1521 Certain facts not to constitute finding or approval; representation inconsistent with section prohibited. Sec. 21. (1) The fact that documents required under this act are filed does not constitute a finding by the department that a document filed under this act is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the department has passed in any way upon the merits or qualifications of, or recommended or given approval to, any persons, franchise, or transaction. (2) A person shall not make or cause to be made to a prospective purchaser or offeree a representation inconsistent with this section.