Sec. 11.
A person who has a precious item stolen, embezzled, or converted from him or her may bring an action for 3 times the amount of the damages, costs of suit, and reasonable attorneys' fees against any dealer who, by himself or herself or through his or her agent or employee, received or purchased the precious item knowing it was stolen, embezzled, or converted.
History: 1981, Act 95, Eff. Sept. 11, 1981
Structure 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 445.485 - 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 445.489 - 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.