{"data":{"id":"us-mi/mich.-comp.-laws-500.7034","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.7034","heading":"Trustee or officer; prohibited conduct; violation as felony; penalty.","body":"Sec. 7034.\n\nA trustee or officer of a MEWA shall not knowingly and intentionally, directly or indirectly, receive any money or valuable thing for negotiating, procuring, recommending, or aiding in any purchase by or sale to the MEWA of any property or any loan from the MEWA, or be pecuniarily interested, either as principal, co-principal, agent, or beneficiary in any such purchase, sale, or loan.\n\nA person who violates this section is guilty of a felony punishable by a fine of not more than $10,000.00, or by imprisonment for not more than 10 years, or both.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-7034","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"4084ef581aed2192d63dc45c2db787d5f6973b83ab60fec144cb3b0df5005f78","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.7032","next":"us-mi/mich.-comp.-laws-500.7040"},"notice":"GroundRules: Original legal text. Not legal advice."}