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2012 Michigan Compiled Laws
Chapter 445 — TRADE AND COMMERCE
Act 95 of 1981 — THE PRECIOUS METAL AND GEM DEALER ACT (445.481 - 445.492)
Section 445.487 — Failure to make entry in records as misdemeanor or felony; penalty.
Universal Citation:
MI Comp L § 445.487 (2012 through Reg Sess)
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THE PRECIOUS METAL AND GEM DEALER ACT (EXCERPT)
Act 95 of 1981
445.487 Failure to make entry in records as misdemeanor or felony; penalty.
Sec. 7.
(1) A dealer or an agent or employee of a dealer who knowingly fails to make an entry of any material matter in his or her records kept as required by section 4 is guilty of a misdemeanor, punishable by imprisonment for not more than 1 year, or a fine of $1,000.00, or both.
(2) A dealer or an agent or employee of a dealer who knowingly violates subsection (1) a subsequent time is guilty of a felony, punishable by imprisonment for not more than 2 years, or a fine of $5,000.00, or both.
History: 1981, Act 95, Eff. Sept. 11, 1981
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