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Minnesota Criminal Justice Statute Service
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609.497
Statute ID:
1218
Statute Function ID:
18408
Engage in Business of Concealing Criminal Proceeds
In Effect
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Function Details
History
Text
Details are only available for Penalty and Charging Statutes.
Statute Number:
609.497
Enactment Date:
Jan 1, 1859
Effective Date:
Aug 1, 1989
Expiration Date:
Repealed?:
No
Summary Text:
Engage in Business of Concealing Criminal Proceeds
Statute ID:
1218
Created:
Sep 1, 2006 by mnjis.legal.analyst@state.mn.us
Updated:
Sep 1, 2006 by mnjis.legal.analyst@state.mn.us
Last Update Action:
System
Legal Analyst Comment:
Summary Text:
Engage in Business of Concealing Criminal Proceeds
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/609/497.html
Legislative Session:
2005 - NA
Session Law Text?:
No
Statute text last updated on:
Sep 1, 2006
Subdivision 1. A person is guilty of a felony and may be sentenced under subdivision 2 if the person knowingly initiates, organizes, plans, finances, directs, manages, supervises, or otherwise engages in a business that has as a primary or secondary purpose concealing money or property that was gained as a direct result of the commission of a felony under this chapter or chapter 152, or of an offense committed in another jurisdiction that would be a felony under this chapter or chapter 152 if committed in Minnesota. Subd. 2. A person convicted under subdivision 1 may be sentenced to imprisonment for not more than 20 years, or to payment of a fine of not more than $1,000,000, or both.
