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MI HB4687

Bill

Status

Passed

9/2/2009

Primary Sponsor

Tonya Schuitmaker

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Amends the definition of "crime" in MCL 600.4701 to add a violation of section 508 of the uniform securities act (2002), 2008 PA 551, alongside the existing reference to section 409 of the uniform securities act (1964 PA 265).

  • Expands the crimes subject to property forfeiture to include violations under the 2002 uniform securities act, modernizing references from the 1964 version.

  • Maintains existing forfeiture provisions for violations of environmental protection statutes, Medicaid fraud, antitrust laws, child protection laws, penal code offenses, and occupational regulations.

  • Took effect immediately upon Governor's approval on August 31, 2009.

Legislative Description

Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in revised judicature act of 1961. Amends sec. 4701 of 1961 PA 236 (MCL 600.4701).

Trade, securities

Last Action

Assigned Pa 83'09 With Immediate Effect

9/2/2009

Committee Referrals

Banking & Financial Institutions4/29/2009
Commerce3/25/2009

Full Bill Text

No bill text available