State Codes and Statutes
Statutes > Michigan > Chapter-445 > Act-95-of-1981 > Section-445-489THE 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
