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Current as of January 01, 2023 | Updated by FindLaw Staff
Subdivision 1. Elements of crime.If:
(1) a person ships goods without having title to the goods or with a lien or mortgage on them;
(2) the person takes a negotiable bill for the goods; and
(3) the person later negotiates the bill 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.
Cite this article: FindLaw.com - Minnesota Statutes Farm Products, Commercial Practices (Ch. 223-236A) § 228.48. Negotiating bill without clear title to goods - last updated January 01, 2023 | https://codes.findlaw.com/mn/farm-products-commercial-practices-ch-223-236a/mn-st-sect-228-48/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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