THE MICHIGAN PENAL CODE (EXCERPT) Act 328 of 1931
750.260 Coins; counterfeiting and possession. Sec. 260.
Counterfeiting and possession of coins - Any person who shall counterfeit any gold or silver coin, current by law or usage within this state, and every person who shall have in his possession, at the same time, 5 or more pieces of false money or coin, counterfeited in the similitude of any gold or silver coin current as aforesaid, knowing the same to be false and counterfeit, and with intent to utter or pass the same as true, shall be guilty of a felony, punishable by imprisonment in the state prison for life, or for any term of years.
History: 1931, Act 328, Eff. Sept. 18, 1931 ;-- CL 1948, 750.260 Former Law: See section 15 of Ch. 155 of R.S. 1846, being CL 1857, § 5816; CL 1871, § 7645; How., § 9227; CL 1897, § 11673; CL 1915, § 15446; and CL 1929, § 17062.
The Michigan Penal Code (Excerpt)
Act 328 of 1931
Section 260: Coins; Counterfeiting and Possession
Section 260 of the Michigan Penal Code addresses the offenses of counterfeiting coins and the possession of counterfeit coins. This law aims to protect the integrity of the currency system within the state.
Under this statute, it is a serious crime to counterfeit any gold or silver coin that is recognized as legal tender or commonly used within Michigan. Additionally, the law applies to individuals found in possession of five or more pieces of false money or counterfeit coins resembling genuine gold or silver currency. It is crucial to note that possession of these counterfeit coins must be accompanied by knowledge of their falsity and an intent to pass or use them as genuine currency.
Engaging in the counterfeiting of coins or possessing counterfeit coins with the intention of deceiving others is considered a felony offense. The severity of the punishment reflects the gravity of the crime. Those convicted of counterfeiting or possessing counterfeit coins may face imprisonment in the state prison for life or for a specified term of years.
History: The Michigan Penal Code, Act 328, was enacted on September 18, 1931, with subsequent amendments. Similar provisions regarding counterfeit coins were present in earlier laws dating back to 1846.
Note: This summary is provided for informational purposes only and should not be considered legal advice. For accurate and up-to-date information, consult legal professionals or refer to the original statutes and legal authorities within the Michigan Penal Code.