Section 445.489 - Conduct constituting felony; penalty. - Michigan Statutes

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