Michigan Compiled Laws
Act 95 of 1981 - The Precious Metal and Gem Dealer Act (445.481 - 445.492)
Section 445.490 - Violation of MCL 445.483(1) or 445.485 as Felony; Penalty.

Sec. 10.
A dealer who violates section 3(1) or 5 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

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 445 - Trade and Commerce

Act 95 of 1981 - The Precious Metal and Gem Dealer Act (445.481 - 445.492)

Section 445.481 - Short Title.

Section 445.482 - Definitions.

Section 445.483 - Dealer; Certificate of Registration Required; Internet Drop-Off Store Exempt From Registration; Application; Fee; Disclosures; Dealer, Agent, or Employee Convicted of Misdemeanor or Felony; Compliance With Local Ordinances; Issuance...

Section 445.484 - Permanent Record of Each Transaction; Forms; Copies; Information Required; Numbering; Sending Copy of Record of Transaction Form to Police Agency or Sheriff's Department; Inspection; Confidentiality; Retention Period; Size of Form;...

Section 445.485 - Retaining Precious Item for 9 Calendar Days; Alteration.

Section 445.486 - Prohibited Conduct.

Section 445.487 - Failure to Make Entry in Records as Misdemeanor or Felony; Penalty.

Section 445.488 - Violation of MCL 445.483(7) or (8) or 445.484(1)(e), (3), (4), or (5) as Misdemeanor or Felony; Penalty.

Section 445.489 - Conduct Constituting Felony; Penalty.

Section 445.490 - Violation of MCL 445.483(1) or 445.485 as Felony; Penalty.

Section 445.491 - Action Against Dealer; Grounds; Damages, Costs, and Attorneys' Fees.

Section 445.492 - Effective Date.