§ 750.219Financial condition; false statements

Sec. 219.



                                                                    Michigan Compiled Laws Complete Through PA 91 of 2026
Rendered Sunday, September 6, 2026             Page 191 of 465                               Courtesy of legislature.mi.gov

     Any person is guilty of a misdemeanor punishable by imprisonment for not more than 1
 year or a fine of not more than $1,000.00, who, either individually or in a representative
 capacity, does 1 or more of the following:
    (a) Knowingly makes a false statement in writing to any person, firm or corporation
 engaged in banking or other business respecting his or her own financial condition or the
 financial condition of any firm or corporation with which he or she is connected as a member,
 director, officer, employee, or agent, for the purpose of procuring a loan or credit in any form
 or an extension of credit from the person, firm or corporation to whom the false statement is
 made, either for his or her own use or for the use of the firm or corporation with which he or
 she is connected as aforesaid.
    (b) Having previously made, or having knowledge that another has previously made a
 statement in writing to any person, firm, or corporation engaged in banking or other business
 respecting his or her own financial condition or the financial condition of any firm or
 corporation with which he or she is connected as aforesaid, shall afterwards procure on faith of
 such statement from the person, firm, or corporation to whom the previous statement has been
 made, either for his or her own use or for the use of the firm or corporation with which he or
 she is so connected, a loan or credit in any form, or an extension of credit, knowing at the time
 of the procuring that the previously made statement is in any material particular false with
 respect to the present financial condition of himself or herself or of the firm or corporation
 with which he or she is so connected.
    (c) Delivers to any note broker or other agent for the sale or negotiation of commercial
 paper, any statement in writing, knowing it to be false, respecting his or her own financial
 condition or the financial condition of any firm or corporation with which he or she is
 connected as aforesaid, for the purpose of having the statement used in furtherance of the sale,
 pledge, or negotiation of any note, bill, or other instrument for the payment of money made or
 endorsed or accepted or owned in whole or in part by him or her individually or by the firm or
 corporation with which he or she is so connected.
    (d) Having previously delivered or having knowledge that another has previously delivered
 to any note broker or other agent for the sale or negotiation of commercial paper a statement in
 writing respecting his or her own financial condition or the financial condition of any firm or
 corporation with which he or she is connected as aforesaid, shall afterwards deliver to the note
 broker or other agent for the purpose of sale, pledge, or negotiation on faith of the statement,
 any note, bill, or other instrument for the payment of money made or endorsed or accepted or
 owned in whole or in part by himself or herself individually or by the firm or corporation with
 which he or she is so connected, knowing at the time that such previously delivered statement
 is in any material particular false as to the present financial condition of himself or herself or
 of such firm or corporation.