Source: http://www.law.cornell.edu/uscode/search/display.html?terms=One%20million&url=/uscode/html/uscode18/usc_sec_18_00000336----000-notes.html
Timestamp: 2013-12-18 10:15:27
Document Index: 64325695

Matched Legal Cases: ['§ 336', '§ 336', '§ 336', '§ 330016', '§ 293', '§ 178']

18 USC § 336 - Issuance of circulating obligations of less than $1 | Title 18 - Crimes and Criminal Procedure | U.S. Code | LII / Legal Information Institute
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18 USC § 336 - Issuance of circulating obligations of less than $1
Whoever makes, issues, circulates, or pays out any note, check, memorandum, token, or other obligation for a less sum than $1, intended to circulate as money or to be received or used in lieu of lawful money of the United States, shall be fined under this title or imprisoned not more than six months, or both.
(June 25, 1948, ch. 645, 62 Stat. 701; Pub. L. 103–322, title XXXIII, § 330016(1)(G),Sept. 13, 1994, 108 Stat. 2147.)
Based on title 18, U.S.C., 1940 ed., § 293 (Mar. 4, 1909, ch. 321, § 178,35 Stat. 1122).
Numerous suggestions, of which that of Mr. E. M. Million, of Arlington, Va., is typical, recommend that this section be omitted as obsolete or revised to except commercial obligations. However, since the decisions make it plain that only obligations intended to circulate as money are within the provisions of this section and that commercial checks of less than $1 are not affected, there seems no reason so to rewrite the section. (See U.S. v. Monongahela Bridge Co., Fed. Cas. No. 15,796; Stettinius v. U.S., Fed. Cas. No. 13,387.)
1994—Pub. L. 103–322substituted “fined under this title” for “fined not more than $500”.
Purchase-money collateral