Michigan Theft of Production - Prevention by Lessee

State:
Multi-State
Control #:
US-OG-835
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the standard lease form.

How to fill out Theft Of Production - Prevention By Lessee?

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FAQ

Penalties Larceny in a building is a felony punishable by up to 4 years in prison. Compare ordinary larceny, a misdemeanor punishable by no more than 1 year in jail if the value of the property was under $1,000.

Michigan Felony Larceny Charges If the property stolen has a value of $1,000.00 or more but less than $20,000.00, it is a felony, punishable by imprisonment for not more than 5 years and/or a fine of $10,000.00 or 3 times the value of the property stolen, whichever is greater.

Michigan Compiled Laws Chapter 445, Act 331 is more commonly known as the Michigan Consumer Protection Act (?MCPA?) and it is a state law that provides consumers with legal protection from unfair methods, acts, or practices during trade or commerce.

(3) A person who breaks and enters a dwelling with intent to commit a felony, larceny, or assault in the dwelling, a person who enters a dwelling without permission with intent to commit a felony, larceny, or assault in the dwelling, or a person who breaks and enters a dwelling or enters a dwelling without permission ...

750.360 Larceny; places of abode, work, storage, conveyance, worship and other places.

If the value of the stolen property was more than $20,000, you're guilty of a felony punishable by up to 10 years in prison and a fine of up to $15,000 or 3 times the value of the stolen property, whichever is greater.

Petty Larceny occurs when the alleged stolen property is valued under $200. Petty Larceny is misdemeanor punishable by 93 days in jail AND A $500 fine. 2nd Degree Larceny occurs when the alleged stolen property is valued over $200 and under $1,000.

(1) A person shall not buy, receive, possess, conceal, or aid in the concealment of stolen, embezzled, or converted money, goods, or property knowing, or having reason to know or reason to believe, that the money, goods, or property is stolen, embezzled, or converted.

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Michigan Theft of Production - Prevention by Lessee