2010 Michigan Compiled Laws
Chapter 445 - TRADE AND COMMERCE
Act 95 of 1981 - THE PRECIOUS METAL AND GEM DEALER ACT (445.481 - 445.492)
Section 445.489 - Conduct constituting felony; penalty.
THE PRECIOUS METAL AND GEM DEALER ACT (EXCERPT)Act 95 of 1981
445.489 Conduct constituting felony; penalty.
Sec. 9.
A dealer or an agent or employee of a dealer who does any of the following is guilty of a felony, punishable by imprisonment for not more than 2 years, or a fine of $5,000.00, or both:
(a) Totally fails to record a transaction on a record of transaction form as required by section 4.
(b) Knowingly falsifies the records kept as required by section 4.
(c) Violates section 6.
History: 1981, Act 95, Eff. Sept. 11, 1981
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