Michigan — Statute

750.311 – Gambling in stocks, bonds, grain or produce | Michigan Law

Michigan law bans gambling in stocks, bonds, grains, and produce, including fake transactions and margin trading without actual property transfer.

Legal Content

Michigan State Law

750.311 – Gambling in stocks, bonds, grain or produce

Michigan Penal Code § 750.311

Summary

Michigan law prohibits gambling in stocks, bonds, grains, and produce by conducting pretend buying or selling without the intention of actual transfer or delivery. It also criminalizes margin trading on the basis of non-existent property or intent not to receive or deliver the assets. These acts are considered illegal gambling regardless of whether performed by individuals or agents.

Frequently Asked Questions

Why Attorneys Choose FlawFinder

Side-by-side with Westlaw and LexisNexis

Feature	FlawFinder	Westlaw	LexisNexis
Monthly price	$19 - $99	$133 - $646	$153 - $399
Contract	None	1-3 year min	1-6 year min
Hidden fees	$0, always	Up to $469/search	$25/mo + per-doc
Police SOPs	✓ 310+ departments	✗	✗
Zero-hallucination AI	✓ CitationGuard	✗	✗
Cancel	One click	Termination fees	No option to cancel

Explain Like I'm 5

In simple terms: Michigan law bans gambling in stocks, bonds, grains, and produce, including fake transactions and margin trading without actual property transfer.. This means people must follow this rule, and breaking it can lead to criminal penalties.