Michigan Laws 750.159h – “Records” or “documenting materials” and “substituted proceeds” defined
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As used in this chapter:
(a) “Records” or “documentary materials” means a book, paper, document, writing, drawing, graph, chart, photograph, phonorecord, magnetic tape, computer program or printout, any other data compilation from which information can be obtained or translated into usable form, or any other functionally similar tangible item.
Terms Used In Michigan Laws 750.159h
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Proceeds: means any real, personal, or intangible property obtained through the commission of an offense included in the definition of racketeering, including any appreciation in the value of the property. See Michigan Laws 750.159f
(b) “Substituted proceeds” means any real, personal, or intangible property obtained or any gain realized by the sale or exchange of proceeds.