§ 336
Issuance of circulating obligations of less than $1
Official text prohibited actmental stateif conditionpenaltylegal term
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 or imprisoned not more than six months, or both.
History: (June 25, 1948, ch. 645, 62 Stat. 701 (PDF, 39 MB); Pub. L. 103–322, title XXXIII, §330016(1)(G), Sept. 13, 1994, 108 Stat. 2147 (PDF, 52 MB).)
Simplified explanation
It is a federal crime to make, issue, circulate, or pay out any note, check, token, or other IOU worth less than $1 that is meant to circulate as money or be used in place of real U.S. money.