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The Michigan Uniform Securities Act, 265, P.A. of 1964, sets forth particular requirements for the offer and sale of securities.. Securities include shares of stock in a corporations, limited partnership interests and other interests in profit sharing arrangements. Prior to offering or selling any security, the business should contact an attorney regarding the requirements of the statute. Questions on the registration or exemption of securities offerings can also be directed to the Corporations, Securities & Commercial Licensing Bureau, Securities Division.