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- Theft by conversion valued between $1,000 and $20,000 or repeated offenses is a felony. This crime is punishable by up to five years in prison. You could also pay fines of up to $10,000 or three times the value of the stolen property.
www.michigancriminallawyer.com › larceny-conversion-michiganWhat is Larceny by Conversion in Michigan? | Davis Law Group
Feb 13, 2019 · Under common law, the Michigan Supreme Court has recognized conversion as “any act of dominion wrongfully exerted over another’s personal property in denial of, or consistent with his (or her) rights therein.”
2 days ago · THE MICHIGAN PENAL CODE (EXCERPT) Act 328 of 1931. 750.362 Larceny by conversion. Sec. 362. Larceny by conversion, etc.—. Any person to whom any money, goods or other property, which may be the subject of larceny, shall have been delivered, who shall embezzle or fraudulently convert to his own use, or shall secrete with the intent to embezzle ...
In addition to the common law, Michigan has enacted a conversion stat-ute that provides for treble damages. But when does the statute apply, and when are treble damages available? These questions pose surprisingly difficult issues of statu-tory interpretation with, at times, conflict-ing answers from our appellate courts.
Nov 9, 2016 · Theft by conversion valued between $1,000 and $20,000 or repeated offenses is a felony. This crime is punishable by up to five years in prison. You could also pay fines of up to $10,000 or three times the value of the stolen property.
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2 days ago · Sec. 356. (1) A person who commits larceny by stealing any of the following property of another person is guilty of a crime as provided in this section: (a) Money, goods, or chattels. (b) A bank note, bank bill, bond, promissory note, due bill, bill of exchange or other bill, draft, order, or certificate.
Penalties for larceny by conversion are graduated based on the value of the stolen property. If the value of the property was less than $200, you’re guilty of a misdemeanor punishable by up to 93 days in jail and a fine of up to $500 or 3 times the value of the stolen property, whichever is greater.
Any person to whom any money, goods or other property, which may be the subject of larceny, shall have been delivered, who shall embezzle or fraudulently convert to his own use, or shall secrete with the intent to embezzle, or fraudulently use such goods, money or other property, or any part thereof, shall be deemed by so doing to have committed...
