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MI HB4687
Bill
Status
9/2/2009
Primary Sponsor
Tonya Schuitmaker
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AI Summary
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Amends the definition of "crime" in MCL 600.4701 to add a violation of section 508 of the uniform securities act (2002), 2008 PA 551, alongside the existing reference to section 409 of the uniform securities act (1964 PA 265).
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Expands the crimes subject to property forfeiture to include violations under the 2002 uniform securities act, modernizing references from the 1964 version.
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Maintains existing forfeiture provisions for violations of environmental protection statutes, Medicaid fraud, antitrust laws, child protection laws, penal code offenses, and occupational regulations.
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Took effect immediately upon Governor's approval on August 31, 2009.
Legislative Description
Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in revised judicature act of 1961. Amends sec. 4701 of 1961 PA 236 (MCL 600.4701).
Trade, securities
Last Action
Assigned Pa 83'09 With Immediate Effect
9/2/2009