Michigan Laws 442.223 – Advertisement before compliance with act, penalty
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 442.223
- Executor: A male person named in a will to carry out the decedent
- Going out of business sale: means any sale, whether described by such name or by any other name such as, but not limited to, "closing out sales" "liquidation sales" "lost our lease sale" "forced to vacate sale" held in such a manner as to indicate a belief that upon disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted. See Michigan Laws 442.211
- Goods: means all goods, wares, merchandise and other personal property, excepting, choses in action and money. See Michigan Laws 442.211
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes a person, firm, corporation, partnership, association or 2 or more persons having a joint or common interest. See Michigan Laws 442.211
- Trustee: A person or institution holding and administering property in trust.
Any person who advertises, represents or holds out any sale of goods to be an insurance, bankrupt, mortgage, insolvent, assignee’s, executor‘s, administrators, receiver’s, trustee‘s, removal or going out of business sale, or a sale of goods damaged by fire, water, smoke or otherwise, without having first complied with the provisions of this act, is guilty of a misdemeanor and shall be fined in a sum not less than $100.00 nor more than $500.00 or shall be imprisoned in the county jail for not less than 10 days and not more than 6 months, or both.