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Can you summarize MICL, 328-1931-XXIVA?
THE MICHIGAN PENAL CODE (750.1 - 750.568) ***** 750.223.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2023 REGULAR SESSION SINE DIE ***** ***** 750.14 THIS SECTION IS REPEALED BY ACT 11 OF 2023 EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2023 REGULAR SESSION SINE DIE ***** > CHAPTER XXIVA CREDIT CARDS (750.157m...750.157w)
Short Summary
This provision, found in the Michigan Penal Code, governs the fraudulent use of a financial transaction device to withdraw or transfer funds in violation of contractual limitations. It applies to any person who knowingly and with intent to defraud uses a financial transaction device to withdraw or transfer funds from a deposit account. The penalties for violating this provision vary based on the amount of funds withdrawn or transferred, ranging from a misdemeanor to a felony. There are no exemptions mentioned in this provision.
Whom does it apply to?
Any person who knowingly and with intent to defraud uses a financial transaction device to withdraw or transfer funds from a deposit account
What does it govern?
Fraudulent use of a financial transaction device to withdraw or transfer funds in violation of contractual limitations
What are exemptions?
No exemptions mentioned
What are the Penalties?
Penalties vary based on the amount of funds withdrawn or transferred, ranging from a misdemeanor to a felony
Jurisdiction
Michigan