Sec. 50.
A warehouseman, or any officer, agent or servant of a warehouseman, who issues or aids in issuing a receipt knowing that the goods for which such receipt is issued have not been actually received by such warehouseman, or are not under his actual control at the time of issuing such receipt, shall be guilty of a crime, and upon conviction shall be punished for each offense by imprisonment not exceeding 5 years or by a fine not exceeding 5,000 dollars, or by both.
History: 1909, Act 303, Eff. Sept. 1, 1909 ;-- CL 1915, 6612 ;-- CL 1929, 9613 ;-- CL 1948, 443.50
Structure Michigan Compiled Laws
Chapter 443 - Uniform Warehouse Receipts Act
Act 303 of 1909 - Uniform Warehouse Receipts Act (443.1 - 443.58)
Section 443.1-443.49 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
Section 443.50 - Warehouse Receipts; Issuance for Goods Not Received, Penalty.
Section 443.51 - Warehouse Receipts; False Statement, Penalty.
Section 443.52 - Warehouse Receipts; Issuance of Duplicate Not Marked, Penalty.
Section 443.53 - Warehouse Receipts; Issuance for Warehouseman's Own Goods Without Stating, Penalty.
Section 443.54 - Warehouse Receipts; Delivery of Goods Without Obtaining, Penalty.
Section 443.55 - Warehouse Receipts; Negotiation by Depositor Without Title, Penalty.
Section 443.56-443.58 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.