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Code · Michigan · Chapter 750 — Michigan Penal Code

750.101 Financial institutions act; violation.

146 words·~1 min read·/mi/chapter-750/750-101

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750.101 Financial institutions act; violation.
Sec. 101.
Any officer, clerk, agent or employe of a bank, industrial bank, trust company, safe and collateral deposit company, or any other financial institution governed by the provisions of the Michigan financial institutions act, who shall knowingly aid or assist in a violation of any of the provisions of "the Michigan financial institutions act," or acts and parts of acts amendatory thereof, shall be guilty of a felony, punishable by imprisonment in the state prison not more than 5 years or by a fine of not more than 2,500 dollars.
History: 1931, Act 328, Eff. Sept. 18, 1931 ;-- Am. 1937, Act 172, Imd. Eff. July 9, 1937 ;-- CL 1948, 750.101
Former Law: See section 19 of Act 296 of 1917, being CL 1929, § 1191; and section 50 of Act 66 of 1929, being CL 1929, § 11947.
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