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Can you summarize MICL, 328-1931-XLIV?
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SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2023 REGULAR SESSION SINE DIE ***** ***** 750.14 THIS SECTION IS REPEALED BY ACT 11 OF 2023 EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2023 REGULAR SESSION SINE DIE ***** 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 XLIV GAMBLING (750.301...750.315a)
Short Summary
The provided legal document content pertains to Chapter XLIV of the Michigan Penal Code, which governs gambling activities and transactions in the state of Michigan. It applies to individuals and entities involved in such activities and transactions. The chapter prohibits various forms of gambling, including the keeping or conducting of pretended buying or selling of stocks, bonds, grain, provisions, or other produce without the intention of receiving and paying for the property or delivering the property. It also prohibits the buying or selling of such property on margins without actually having the property on hand to deliver or without intending to receive the property if purchased. The chapter further prohibits the selling of pools or engaging in transactions where money or a valuable thing is paid as a gain or speculation on the result of a contest, race, game, or event that is not known to the parties to be certain and where the parties do not render service directly related to the holding of the contest, race, or game or the bringing about of the event. However, there are exemptions to this chapter, including loan promotion raffles or savings promotion raffles conducted by domestic credit unions, state banks, or federally chartered credit unions, national banks, or federally chartered savings and loan associations. The penalties for non-compliance or violation of this chapter are not specified in the provided legal document content.
Whom does it apply to?
Individuals and entities involved in gambling activities and transactions
What does it govern?
Gambling activities and transactions in the state of Michigan
What are exemptions?
Loan promotion raffles or savings promotion raffles conducted by domestic credit unions, state banks, or federally chartered credit unions, national banks, or federally chartered savings and loan associations
What are the Penalties?
The penalties for non-compliance are not specified in this section.
Jurisdiction
Michigan