Section 445.487 - Failure to make entry in records as misdemeanor or felony; penalty. - Michigan Statutes

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