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Michigan Criminal Code: Forgery and Counterfeiting

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Counterfeiting; tools

Published: 9 months ago

THE MICHIGAN PENAL CODE (EXCERPT) Act 328 of 1931

750.262 Counterfeiting; tools. Sec. 262.

Tools, etc., for counterfeiting coins - Any person who shall cast, stamp, engrave, make or mend, or shall knowingly have in his possession, any mould, pattern, die, puncheon, engine, press or other tool or instrument, adapted and designed for coining or making any counterfeit coin, in the similitude of any gold or silver coin, current by law or usage in this state, with intent to use or employ the same, or to cause or permit the same to be used or employed in coining or making any such false and counterfeit coin as aforesaid, 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, 750.262 Former Law: See section 18 of Ch. 155 of R.S. 1846, being CL 1857, § 5819; CL 1871, § 7648; How., § 9230; CL 1897, § 11676; CL 1915, § 15449; and CL 1929, § 17065.

The Michigan Penal Code (Excerpt)

Act 328 of 1931

Section 262: Counterfeiting; Tools

Section 262 of the Michigan Penal Code addresses the possession and use of tools or instruments for counterfeiting coins. The purpose of this law is to prevent individuals from engaging in counterfeiting activities and protect the integrity of the state's currency system.

According to this statute, it is a felony offense for any person to cast, stamp, engrave, make, or mend any tool or instrument that is specifically designed and adapted for counterfeiting or producing counterfeit coins. These tools may include molds, patterns, dies, punches, engines, presses, or any other device used in the process of creating counterfeit coins. Additionally, if a person knowingly possesses such tools with the intent to use them or allow their use in counterfeiting coins, they are also in violation of the law.

The penalties for these offenses are severe. Those convicted of counterfeiting tools can face imprisonment in the state prison for up to 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, and has undergone subsequent amendments. Similar provisions regarding counterfeiting tools 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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