Bill Text: MI SB0705 | 2009-2010 | 95th Legislature | Introduced

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Bill Title: 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).

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2009-07-15 - Referred To Committee On Banking And Financial Institutions [SB0705 Detail]

Download: Michigan-2009-SB0705-Introduced.html

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SENATE BILL No. 705

 

 

July 15, 2009, Introduced by Senators BARCIA, RICHARDVILLE, KAHN and BIRKHOLZ and referred to the Committee on Banking and Financial Institutions.

 

 

 

     A bill to amend 1961 PA 236, entitled

 

"Revised judicature act of 1961,"

 

by amending section 4701 (MCL 600.4701), as amended by 2007 PA 156.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 4701. As used in this chapter:

 

     (a) "Crime" means committing, attempting to commit, conspiring

 

to commit, or soliciting another person to commit any of the

 

following offenses in connection with which the forfeiture of

 

property is sought:

 

     (i) A violation of part 111 of the natural resources and

 

environmental protection act, 1994 PA 451, MCL 324.11101 to

 

324.11153.

 

     (ii) A violation of part 121 of the natural resources and

 

environmental protection act, 1994 PA 451, MCL 324.12101 to

 

324.12117.

 

     (iii) A violation of section 4, 5, or 7 of the medicaid false

 

claim act, 1977 PA 72, MCL 400.604, 400.605, and 400.607.

 

     (iv) A violation of section 2 or 3 of the Michigan antitrust

 

reform act, 1984 PA 274, MCL 445.772 and 445.773.

 

     (v) A violation described in section 409 of the uniform

 

securities act, 1964 PA 265, MCL 451.809, or section 508 of the

 

uniform securities act (2002), 2008 PA 551, MCL 451.2508.

 

     (vi) A violation of section 5 or 7 of 1978 PA 33, MCL 722.675

 

and 722.677.

 

     (vii) A violation of section 49, 75, 94, 95, 96, 100, 104, 105,

 

106, 110, 112, 117, 118, 119, 120, 121, 124, 145c, 145d, 157q,

 

157r, 174, 175, 176, 180, 181, 182, 213, 214, 218, 219a, 224, 248,

 

249, 250, 251, 252, 253, 254, 255, 263, 264, 271, 272, 273, 274,

 

300, 356, 357, 357a, 359, 360, 529, 530, 531, 535, 540c, or 540g or

 

chapter LXXXIII-A of the Michigan penal code, 1931 PA 328, MCL

 

750.49, 750.75, 750.94, 750.95, 750.96, 750.100, 750.104, 750.105,

 

750.106, 750.110, 750.112, 750.117, 750.118, 750.119, 750.120,

 

750.121, 750.124, 750.145c, 750.145d, 750.157q, 750.157r, 750.174,

 

750.175, 750.176, 750.180, 750.181, 750.182, 750.213, 750.214,

 

750.218, 750.219a, 750.224, 750.248, 750.249, 750.250, 750.251,

 

750.252, 750.253, 750.254, 750.255, 750.263, 750.264, 750.271,

 

750.272, 750.273, 750.274, 750.300, 750.356, 750.357, 750.357a,

 

750.359, 750.360, 750.529, 750.530, 750.531, 750.535, 750.540c,

 

750.540g, and 750.543a to 750.543z.

 

     (viii) A violation of 1979 PA 53, MCL 752.791 to 752.797.

 

     (ix) A violation of section 601 of the occupational code, 1980

 

PA 299, MCL 339.601.

 

     (b) "Instrumentality of a crime" means any property, other

 

than real property, the use of which contributes directly and

 

materially to the commission of a crime.

 

     (c) "Person" means an individual, corporation, limited

 

liability company, partnership, or other business entity, or an

 

unincorporated or voluntary association.

 

     (d) "Proceeds of a crime" means any property obtained through

 

the commission of a crime, including any appreciation in the value

 

of the property.

 

     (e) "Security interest" means any interest in real or personal

 

property that secures payment or performance of an obligation.

 

     (f) "Substituted proceeds of a crime" means any property

 

obtained or any gain realized by the sale or exchange of proceeds

 

of a crime.