The mission of the Business Law Section is to foster the highest quality of professionalism and practice in business law and to enhance the legislative and regulatory environment for conducting business in Michigan. To fulfill this mission, the Section shall: (1) expand the resources of business lawyers by providing educational, networking and mentoring opportunities; (2) review and promote improvements to Michigan's business legislation and regulations; and (3) provide a forum to facilitate service and commitment and to promote ethical conduct and collegiality within the practice.
Become Active in the Section
It is easy to become active in the Business Law Section. As is true with many volunteer organizations, the time and effort put into the Section by its officers, Council members, Committee chairs, and other active members directly correlates to the viability of the Section and its worth to all Section members. Volunteer Today
Michigan’s “New Expanded” Receivership Act Webinar
Set forth is a link to the October 23rd webinar on the new expanded Michigan Receivership Act enacted and immediately effective on October 15, 2020. The link contains the audio presentation and the written materials utilized for the presentation. We hope that they will provide you with resource materials to better understand the new recently enacted legislation.
Updates on Michigan Uniform Securities Act (MUSA) Rule-Making
The Michigan Uniform Securities Act (2002), Public Act 551 of 2008, MCL 451.2101 et seq. (“MUSA”) became effective on October 1, 2009, and thereby superseded the 1964 version of this largely uniform state law. On September 1, 2016, the Corporations, Securities, and Commercial Licensing Bureau (“Bureau”) of the Michigan Department of Licensing and Regulatory Affairs (“LARA”) published for public comment a new rule set (“Proposed Rules”). These Proposed Rules would implement various regulatory changes made by the new MUSA. If adopted, the Proposed Rules will replace six transition orders that implemented a limited number of the statutory changes made by the new MUSA. The Proposed Rules would make a significant number of further changes in Michigan’s regulation of securities, including important public policy changes directly impacting small business capital formation, securities offerings, private funds, securities brokerage, and investment advisory services. For more information, please see the following resources: