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Current as of January 01, 2025 | Updated by Findlaw Staff
Whoever, holding collateral security deposited with him for the payment of a debt which may be due to him, sells, pledges, lends or in any way disposes of the same before such debt becomes due and payable, without the authority of the depositor thereof, shall be punished by a fine of not more than five hundred dollars or by imprisonment in jail for not more than two years.
Cite this article: FindLaw.com - Massachusetts General Laws Part IV. Crimes, Punishments and Proceedings in Criminal Cases (Ch. 263-280) Ch. 266, § 85 - last updated January 01, 2025 | https://codes.findlaw.com/ma/part-iv-crimes-punishments-and-proceedings-in-criminal-cases-ch-263-280/ma-gen-laws-ch-266-sect-85/
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