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Minnesota Legislature

Office of the Revisor of Statutes

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.