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Can you summarize 21 OKST 1578?
Forgery and Counterfeiting > Possession of Forged Notes or Instruments - Aggregation of Offenses Due to Formulation of Plan
Short Summary
This legal document pertains to the possession of forged, altered, or counterfeit negotiable notes, bills, drafts, or other evidence of debt issued by authorized corporations or companies. It applies to every person who possesses such forged instruments with the intent to defraud. The penalties for this offense vary based on the value of the instrument. If the value is less than $1,000, it is considered a misdemeanor forgery punishable by imprisonment up to 1 year, a fine up to $1,000, or both. If the value is $1,000 or more but less than $2,500, it is a felony forgery punishable by imprisonment up to 2 years or in the county jail up to 1 year, a fine up to $1,000, or both. If the value is $2,500 or more but less than $15,000, it is a felony forgery punishable by imprisonment up to 5 years or in the county jail up to 1 year, a fine up to $1,000, or both. If the value is $15,000 or more, it is a felony forgery punishable by imprisonment up to 8 years, a fine up to $1,000, or both.
Whom does it apply to?
Every person who possesses forged, altered, or counterfeit negotiable notes, bills, drafts, or other evidence of debt with intent to defraud
What does it govern?
Possession of forged, altered, or counterfeit negotiable notes, bills, drafts, or other evidence of debt issued by authorized corporations or companies
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
1. If the value of the instrument is less than $1,000: Misdemeanor forgery punishable by imprisonment up to 1 year, or a fine up to $1,000, or both. 2. If the value of the instrument is $1,000 or more but less than $2,500: Felony forgery punishable by imprisonment up to 2 years or in the county jail up to 1 year, or a fine up to $1,000, or both. 3. If the value of the instrument is $2,500 or more but less than $15,000: Felony forgery punishable by imprisonment up to 5 years or in the county jail up to 1 year, or a fine up to $1,000, or both. 4. If the value of the instrument is $15,000 or more: Felony forgery punishable by imprisonment up to 8 years, or a fine up to $1,000, or both.
Jurisdiction
Oklahoma