2005 Minnesota Statutes - 227.55 — Negotiating receipt without clear title to goods.

     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. 


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