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Minnesota Criminal Justice Statute Service
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227.55.1
Statute ID:
10722
Statute Function ID:
22087
Warehouse Receipts-Negotiate w/o Clear Title
In Effect
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Function Details
History
Text
Details are only available for Penalty and Charging Statutes.
Statute Number:
227.55.1
Enactment Date:
Jan 1, 1859
Effective Date:
Jan 1, 1859
Expiration Date:
Repealed?:
No
Summary Text:
Warehouse Receipts-Negotiate w/o Clear Title
Statute ID:
10722
Created:
Jan 11, 2007 by mnjis.legal.analyst@state.mn.us
Updated:
Jan 11, 2007 by mnjis.legal.analyst@state.mn.us
Last Update Action:
System
Legal Analyst Comment:
Summary Text:
Warehouse Receipts-Negotiate w/o Clear Title
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/227/55.html
Legislative Session:
0 - NA
Session Law Text?:
No
Statute text last updated on:
Jan 11, 2007
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.
