§ 336. — Issuance of circulating obligations of less than $1.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 18USC336]
TITLE 18--CRIMES AND CRIMINAL PROCEDURE
PART I--CRIMES
CHAPTER 17--COINS AND CURRENCY
Sec. 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,
Sec. 330016(1)(G), Sept. 13, 1994, 108 Stat. 2147.)
Historical and Revision Notes
Based on title 18, U.S.C., 1940 ed., Sec. 293 (Mar. 4, 1909, ch.
321, Sec. 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.)
Minor changes were made in phraseology.
Amendments
1994--Pub. L. 103-322 substituted ``fined under this title'' for
``fined not more than $500''.
Section Referred to in Other Sections
This section is referred to in section 492 of this title.
