There is a newer version of the Michigan Compiled Laws
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 445.491 - Action against dealer; grounds; damages, costs, and attorneys' fees.
THE PRECIOUS METAL AND GEM DEALER ACT (EXCERPT)Act 95 of 1981
445.491 Action against dealer; grounds; damages, costs, and attorneys' fees.
Sec. 11.
A person who has a precious item stolen, embezzled, or converted from him or her may bring an action for 3 times the amount of the damages, costs of suit, and reasonable attorneys' fees against any dealer who, by himself or herself or through his or her agent or employee, received or purchased the precious item knowing it was stolen, embezzled, or converted.
History: 1981, Act 95, Eff. Sept. 11, 1981
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
