451.2457 Filing fees.
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451.2457 Filing fees.
Sec. 457.
(1)A person shall pay a fee of $500.00 when initially filing an application for registration as a Michigan investment market and a fee of $250.00 when filing a renewal of registration as a Michigan investment market.
(2)If an initial or renewal registration application is denied or withdrawn, the administrator shall retain all of the filing fee for that application.
History: Add. 2014, Act 355 , Imd. Eff. Oct. 21, 2014
Compiler's Notes: Enacting section 1 of Act 355 of 2014 provides:"Enacting section 1. It is the intent of the legislature by enacting this amendatory act to regulate a class of intrastate broker-dealers that is exempt under section 15(a)(1) of the securities exchange act of 1934, 15 USC 78o, and that will facilitate intrastate securities transactions among persons of this state."