750.220 Property valuation or indebtedness; false statements.
116 words·~1 min read·
/mi/chapter-750/750-220A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
750.220 Property valuation or indebtedness; false statements.
Sec. 220.
Any person who willfully and knowingly makes any false statement in writing of his or her property valuation, real or personal, or both, or of his or her indebtedness, for the purpose of obtaining credit from any person, company, co-partnership, association, or corporation, is guilty of a misdemeanor punishable by imprisonment for not more than 1 year or a fine of not more than $1,000.00.
History: 1931, Act 328, Eff. Sept. 18, 1931 ;-- CL 1948, 750.220 ;-- Am. 2002, Act 672 , Eff. Mar. 31, 2003
Former Law: See section 1 of Act 85 of 1909, being CL 1915, § 15343; and CL 1929, § 16993.