18 U.S.C. § 480 — Possessing counterfeit foreign obligations or securities

submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 58 words · no verdicts yet

in plain englishAI-generated · not legal advice

It is illegal, inside the United States and with intent to defraud, to knowingly possess or deliver a false, forged, or counterfeit bond, security, or similar item issued by a foreign bank or corporation. This includes bank notes and bills issued by any foreign bank or corporation. Anyone who does this can be fined or imprisoned for up to 20 years, or both.

This section applies to anyone who, inside the United States, knowingly and with intent to defraud, possesses or delivers a false, forged, or counterfeit bond, certificate, obligation, security, treasury note, bill, or promise to pay, bank note, or bill issued by a bank or corporation of any foreign country. Anyone who does this can be fined under this title, imprisoned for up to 20 years, or both.

the actual law source: uscode.house.gov ↗public domain

Whoever, within the United States, knowingly and with intent to defraud, possesses or delivers any false, forged, or counterfeit bond, certificate, obligation, security, treasury note, bill, promise to pay, bank note, or bill issued by a bank or corporation of any foreign country, shall be fined under this title or imprisoned not more than 20 years, or both.

Source credit: (June 25, 1948, ch. 645, 62 Stat. 707; Pub. L. 103–322, title XXXIII, § 330016(1)(H), Sept. 13, 1994, 108 Stat. 2147; Pub. L. 107–56, title III, § 375(c), Oct. 26, 2001, 115 Stat. 341.)

history & why it existsrecord from the source credit

1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 707
1994Amended · Pub. L. 103-322 · 108 Stat. 2147
2001Amended · Pub. L. 107-56 · 115 Stat. 341

A history note hasn’t been published yet. The record shows enactment by ch. 645 on 1948-06-25.

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