Michigan § 554.981 Person materially aiding in act or transaction constituting violation; joint and several liability.

Michigan Statutes

§ 554.981 — Person materially aiding in act or transaction constituting violation; joint and several liability.

Michigan § 554.981

Ch. 554REAL AND PERSONAL PROPERTY

Act 448 of 2014CONTINUING CARE COMMUNITY DISCLOSURE ACT (554.901-554.993)

This text of Michigan § 554.981 (Person materially aiding in act or transaction constituting violation; joint and several liability.) 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 § 554.981 (2026).

Text

CONTINUING CARE COMMUNITY DISCLOSURE ACT (EXCERPT) Act 448 of 2014 554.981 Person materially aiding in act or transaction constituting violation; joint and several liability. Sec.

81.A person that directly controls a person that violates this act, a partner in a firm that violates this act, a principal executive officer or paid director or trustee of a corporation that violates this act, a person occupying a similar status as an executive officer or director performing similar functions, or an employee of a person that violates this act who materially aids in the act or transaction constituting the violation is also liable jointly and severally with and to the same extent as the person that violates this act, unless the person did not have knowledge of or reasonable grounds to believe in

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CONTINUING CARE COMMUNITY DISCLOSURE ACT (EXCERPT) Act 448 of 2014 554.981 Person materially aiding in act or transaction constituting violation; joint and several liability. Sec. 81. A person that directly controls a person that violates this act, a partner in a firm that violates this act, a principal executive officer or paid director or trustee of a corporation that violates this act, a person occupying a similar status as an executive officer or director performing similar functions, or an employee of a person that violates this act who materially aids in the act or transaction constituting the violation is also liable jointly and severally with and to the same extent as the person that violates this act, unless the person did not have knowledge of or reasonable grounds to believe in the existence of the facts constituting the violation.