Michigan law criminalizes the forgery of bank bills and promissory notes issued by the state, its subdivisions, or banking institutions, with penalties up to 7 years in prison. It also prohibits possessing multiple counterfeit notes with the intent to distribute or pass them as genuine, also punishable by up to 7 years. These laws aim to prevent financial fraud and protect the integrity of currency.
Forgery involves falsely making, altering, or counterfeiting bank bills or promissory notes issued by Michigan or other recognized authorities with intent to defraud.
The offense is a felony punishable by up to 7 years in prison.
Yes, possessing 10 or more counterfeit notes with intent to pass them as genuine can result in felony charges and up to 7 years in prison.
Yes, the law covers counterfeit notes issued by any country, including foreign states and provinces, if they are used or intended to be used within Michigan.