Mich. Comp. Laws § 442.223

Sec. 13. 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.