2010 Michigan Compiled Laws
Chapter 750 - MICHIGAN PENAL CODE
Act 328 of 1931 - THE MICHIGAN PENAL CODE (750.1 - 750.568)
328-1931-XIII - CHAPTER XIII BANK, DEPOSIT AND TRUST COMPANIES (750.93...750.101)
Section 750.96 - Bank property; fraudulent disposal.

THE MICHIGAN PENAL CODE (EXCERPT)
Act 328 of 1931

750.96 Bank property; fraudulent disposal.

Sec. 96.

Fraudulent disposal of property of bank by officers, etc.—Any officer or agent of any bank, knowing such bank to be insolvent, or, in contemplation of the insolvency of such bank, or any assignee of the property and effects of any insolvent bank who shall sell, or in any way dispose of or remove, any of the money, property or effects of such bank, with intent to defraud, delay or hinder any creditor thereof in the collection of any claim or demand against such bank, every such officer or agent, and all persons who shall knowingly aid or assist in any such disposition or removal, shall be guilty of a felony.


History: 1931, Act 328, Eff. Sept. 18, 1931 ;-- CL 1948, 750.96
Former Law: See section 33 of Ch. 154 of R.S. 1846, being CL 1857, § 5777; CL 1871, § 7584; How., § 9155; CL 1897, § 11569; CL 1915, § 15314; and CL 1929, § 16910.

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.