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Michigan Criminal Code: Forgery and Counterfeiting

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Coins; counterfeiting; possession of less than 5 counterfeit

Published: 9 months ago

THE MICHIGAN PENAL CODE (EXCERPT) Act 328 of 1931

750.261 Coins; counterfeiting; possession of less than 5 counterfeit. Sec. 261.

Possession of less than 5 pieces of counterfeit coin - Any person who shall have in his possession any number of pieces less than 5, of the counterfeit coin mentioned in the next preceding section, knowing the same to be counterfeit, with intent to utter and pass the same as true, and any person who shall utter, pass, or tender in payment as true, any such counterfeit coin, knowing the same to be false and counterfeit, shall be guilty of a felony, punishable by imprisonment in the state prison not more than 10 years, or by a fine of not more than 5,000 dollars.

History: 1931, Act 328, Eff. Sept. 18, 1931 ;-- CL 1948, 750.261 Former Law: See section 16 of Ch. 155 of R.S. 1846, being CL 1857, § 5817; CL 1871, § 7646; How., § 9228; CL 1897, § 11674; CL 1915, § 15447; and CL 1929, § 17063.

The Michigan Penal Code (Excerpt)

Act 328 of 1931

Section 261: Coins; Counterfeiting; Possession of Less Than 5 Counterfeit

Section 261 of the Michigan Penal Code addresses the possession and passing of a small number of counterfeit coins. This law aims to prevent the circulation of counterfeit currency and maintain the integrity of the monetary system within the state.

According to this statute, it is a felony offense for an individual to possess fewer than five pieces of counterfeit coins that are mentioned in the preceding section. The possession must be accompanied by knowledge that the coins are counterfeit and with the intent to pass them off as genuine currency. Similarly, it is also considered a felony offense for a person to knowingly pass, offer, or use such counterfeit coins as payment, fully aware of their falsity.

The penalties for these offenses are significant. Individuals convicted of possessing less than five pieces of counterfeit coins or passing them as genuine currency may face imprisonment in the state prison for a maximum of ten years. Alternatively, a fine of up to $5,000 may be imposed.

History: The Michigan Penal Code, Act 328, was enacted on September 18, 1931, with subsequent amendments. Similar provisions regarding counterfeiting and possession of 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.

This should be used for informational and general purposes only and should not be construed as legal advice or relied on aside for general information that may contain opinion.

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