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Form a Business

State loans to school district; false statements, concealment; penalty.

MCL 388.936
in effect
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388.936. State loans to school district; false statements, concealment; penalty. Sec. 6. Any person who shall knowingly make any false statement or conceal any material information for the purpose of obtaining a loan under the provisions of this act, or use the proceeds of a loan or any portion thereof for any purpose not authorized by this act shall be guilty of a felony. 1955, Act 151, Imd. Eff. June 7, 1955
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-388-936Fetched: 10/20/2026

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