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Mich. Comp. Laws § 482.50

Bills; issuance of non-negotiable bill not so marked, penalty

1911, Act 165, Eff

Sec. 50. Any person who with intent to defraud issues or aids in issuing a non-negotiable bill without the words “not negotiable” placed plainly upon the face thereof, shall be guilty of a crime, and upon conviction shall be punished for each offense by imprisonment not exceeding 5 years, or by a fine not exceeding 5,000 dollars, or by both.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.