(A) A person who buys, receives, possesses, conceals or aids in the concealment of stolen, embezzled or converted money, goods or property knowing the money, goods or property to be stolen, embezzled or converted is guilty of a misdemeanor, if the value of the stolen, embezzled or converted money, goods, or property is $100 or less.
(B) A person who is a dealer in or collector of merchandise or personal property or the agent, employee or representative of a dealer or collector who fails to make reasonable inquiry that the person selling or delivering the stolen, embezzled or converted property to the dealer or collector has a legal right to do so or such dealer or collector who buys or receives stolen, embezzled or converted property which has a registration, serial or other identifying number altered or obliterated on an external surface of the property shall be presumed to have bought or received the property knowing the property to be stolen, embezzled or converted. This presumption may be rebutted by proof.
(1993 Code, § 34-114)
Statutory reference:
Similar provisions, see M.C.L.A. § 750.535