§ 336. Issuance of circulating obligations of less than $1

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Whoever makes, issues, circulates, or pays out any note, check, memorandum, token, or other obligation for a less sum than $1, intended to circulate as money or to be received or used in lieu of lawful money of the United States, shall be fined under this title or imprisoned not more than six months, or both.

(June 25, 1948, ch. 645, 62 Stat. 701; Pub. L. 103–322, title XXXIII, § 330016(1)(G), Sept. 13, 1994, 108 Stat. 2147.)

Historical and Revision Notes

Based on title 18, U.S.C., 1940 ed., § 293 (Mar. 4, 1909, ch. 321, § 178, 35 Stat. 1122).

Numerous suggestions, of which that of Mr. E. M. Million, of Arlington, Va., is typical, recommend that this section be omitted as obsolete or revised to except commercial obligations. However, since the decisions make it plain that only obligations intended to circulate as money are within the provisions of this section and that commercial checks of less than $1 are not affected, there seems no reason so to rewrite the section. (See U.S. v. Monongahela Bridge Co., Fed. Cas. No. 15,796; Stettinius v. U.S., Fed. Cas. No. 13,387.)

Minor changes were made in phraseology.

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June 25, 1948, ch. 645
62 Stat. 701
Pub. L. 103–322, title XXXIII, § 330016(1)(G)
108 Stat. 2147
Mar. 4, 1909, ch. 321, § 178
35 Stat. 1122
Pub. L. 103–322

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§ 336

Issuance of circulating obligations of less than $1

ActJune 25, 1948, ch. 645

Stat.62 Stat. 701

Pub. L.Pub. L. 103–322, title XXXIII, § 330016(1)(G)

Stat.108 Stat. 2147

ActMar. 4, 1909, ch. 321, § 178

Cites 7 · showing 5Cited by 0 across 0 sources