Michigan Laws 554.985 – Violation as felony; penalty; seizure and forfeiture of proceeds or instrumentality of crime
Current as of: 2024 | Check for updates
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Attorney's Note
Under the Michigan Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| E | up to 7 years |
Terms Used In Michigan Laws 554.985
- Person: means an individual, partnership, corporation, association, governmental entity, or other legal entity. See Michigan Laws 554.909
(1) A person that knowingly violates this act is guilty of a felony punishable by imprisonment for not more than 7 years or a fine of not more than $10,000.00, or both.
(2) The proceeds, the substituted proceeds, or an instrumentality of a crime described in subsection (1) are subject to seizure and forfeiture in the manner provided in chapter 47 of the revised judicature act of 1961, 1961 PA 236, MCL 600.4701 to 600.4709.