Michigan — Statute

750.262 – Counterfeiting; tools | Michigan Law

Michigan law criminalizes possessing tools for counterfeiting coins, with penalties up to 10 years in prison or a $5,000 fine. Learn more here.

Legal Content

Michigan State Law

750.262 – Counterfeiting; tools

Michigan Penal Code § 750.262

Summary

Michigan law prohibits possessing or creating tools used for counterfeiting coins, such as molds or presses, with the intent to produce false gold or silver coins. Violating this law is classified as a felony, punishable by up to 10 years in prison or a fine of up to $5,000. The law aims to prevent counterfeit currency production and protect the integrity of the state's monetary system.

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Explain Like I'm 5

In simple terms: Michigan law criminalizes possessing tools for counterfeiting coins, with penalties up to 10 years in prison or a $5,000 fine. Learn more here.. This means people must follow this rule, and breaking it can lead to criminal penalties.