2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
227.55 NEGOTIATING RECEIPT WITHOUT CLEAR TITLE TO GOODS.
Subdivision 1. Elements of crime. If:
(1) a person deposits goods without having title to the goods or with a lien or mortgage
on them;
(2) the person takes a negotiable receipt for the goods; and
(3) the person later negotiates the receipt for value with intent to deceive and without
disclosing the lack of title or the existence of the lien or mortgage;
then the person is guilty of a crime.
Subd. 2. Penalty. Whoever commits the crime described in subdivision 1 may be sentenced
for each offense to imprisonment for not more than one year or to payment of a fine of not more
than $3,000, or both.
History: (5164) 1913 c 161 s 55; 1984 c 628 art 3 s 11; 1986 c 444; 1988 c 469 art 3 s 1
Subdivision 1. Elements of crime. If:
(1) a person deposits goods without having title to the goods or with a lien or mortgage
on them;
(2) the person takes a negotiable receipt for the goods; and
(3) the person later negotiates the receipt for value with intent to deceive and without
disclosing the lack of title or the existence of the lien or mortgage;
then the person is guilty of a crime.
Subd. 2. Penalty. Whoever commits the crime described in subdivision 1 may be sentenced
for each offense to imprisonment for not more than one year or to payment of a fine of not more
than $3,000, or both.
History: (5164) 1913 c 161 s 55; 1984 c 628 art 3 s 11; 1986 c 444; 1988 c 469 art 3 s 1
Official Publication of the State of Minnesota
Revisor of Statutes