§ 750.94Bank bills or notes; issuing, non-compliance with requirements

Michigan Compiled Laws Complete Through PA 91 of 2026
Rendered Sunday, September 6, 2026             Page 61 of 465                               Courtesy of legislature.mi.gov

 Sec. 94.
    Issuing bank bills, etc., without previous compliance with requirements of law—Any
 officer or stockholder of any bank or banking association, or any other person for such bank or
 banking association, who shall sign, issue, or knowingly put in circulation any bill or note of
 any such bank or banking association before the requisite amount of capital stock shall have
 been paid in, or before the president and directors thereof shall have fully complied with all
 the provisions of law requiring any other act or acts to be done before the issuing of any notes
 or bills, shall be guilty of a felony, punishable by imprisonment in the state prison not more
 than 10 years, or by fine not more than 5,000 dollars.