2006 Minnesota 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.
History: (5164) 1913 c 161 s 55; 1984 c 628 art 3 s 11; 1986 c 444; 1988 c 469 art 3 s 1