Michigan · statute · 90 of 1951, Mich. Comp. Laws · 4 active provisions
For the calendar year 1998 and each year thereafter, all funds held by any licensee for the payment of outstanding winning tickets for any race meeting conducted under the horse racing law of 1995, 1995 PA 279, MCL 431.301 to 431.336, which have not been claimed by the owner of those funds within 60 days after the clos…
A licensee who pays a winning ticket subsequent to the last day of a race meeting shall preserve the cashed winning ticket and deliver it to the racing commissioner.
The licensee upon taking proper receipt from the racing commissioner for funds and records delivered to the racing commissioner under this act and delivering a copy of the cashed winning ticket to the racing commissioner shall be released and discharged for all liability or accountability to the owner of the funds, as…
Any person who shall violate any of the provisions of this act shall be guilty of a misdemeanor, punishable by a fine of not less than $1,000.00 nor more than $2,000.00, or imprisonment in the county jail for not less than 1 year or in a state prison for not more than 2 years, or both such fine and imprisonment in the…