Michigan § 445.487 Failure to make entry in records as misdemeanor or felony; penalty.

Michigan Statutes

§ 445.487 — Failure to make entry in records as misdemeanor or felony; penalty.

Michigan § 445.487

Ch. 445TRADE AND COMMERCE

Act 95 of 1981THE PRECIOUS METAL AND GEM DEALER ACT (445.481-445.492)

This text of Michigan § 445.487 (Failure to make entry in records as misdemeanor or felony; penalty.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.487 (2026).

Text

THE PRECIOUS METAL AND GEM DEALER ACT (EXCERPT) Act 95 of 1981 445.487 Failure to make entry in records as misdemeanor or felony; penalty. Sec. 7.

(1)A dealer or an agent or employee of a dealer who knowingly fails to make an entry of any material matter in his or her records kept as required by section 4 is guilty of a misdemeanor, punishable by imprisonment for not more than 1 year, or a fine of $1,000.00, or both.

(2)A dealer or an agent or employee of a dealer who knowingly violates subsection (1) a subsequent time is guilty of a felony, punishable by imprisonment for not more than 2 years, or a fine of $5,000.00, or both.

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THE PRECIOUS METAL AND GEM DEALER ACT (EXCERPT) Act 95 of 1981 445.487 Failure to make entry in records as misdemeanor or felony; penalty. Sec. 7. (1) A dealer or an agent or employee of a dealer who knowingly fails to make an entry of any material matter in his or her records kept as required by section 4 is guilty of a misdemeanor, punishable by imprisonment for not more than 1 year, or a fine of $1,000.00, or both. (2) A dealer or an agent or employee of a dealer who knowingly violates subsection (1) a subsequent time is guilty of a felony, punishable by imprisonment for not more than 2 years, or a fine of $5,000.00, or both.