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Minnesota Criminal Justice Statute Service
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227.53
Statute ID:
40
Warehouse Receipts -Issue-Does Not Show Ownership
In Effect
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Function Details
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Text
Details are only available for Penalty and Charging Statutes.
Statute Number:
227.53
Enactment Date:
Jan 1, 1859
Effective Date:
Jan 1, 1859
Expiration Date:
Repealed?:
No
Summary Text:
Warehouse Receipts -Issue-Does Not Show Ownership
Statute ID:
40
Created:
Sep 1, 2006 by mnjis.legal.analyst@state.mn.us
Updated:
Aug 20, 2013 by mnjis.legal.analyst@state.mn.us
Last Update Action:
System
Legal Analyst Comment:
Summary Text:
Warehouse Receipts -Issue-Does Not Show Ownership
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/227/53.html
Legislative Session:
2005 - NA
Session Law Text?:
No
Statute text last updated on:
Aug 20, 2013
Subdivision 1. If: (1) a warehouse operator owns goods solely, jointly, or in common with others; (2) the goods are deposited with or held by the warehouse operator; (3) the warehouse operator or an officer, agent, or employee of the warehouse operator issues or helps to issue a negotiable receipt for the goods; (4) the receipt does not show the warehouse operator's ownership interest; and (5) the issuer or helper knows of the warehouse operator's ownership interest; then the issuer or helper is guilty of a crime. Subd. 2. Whoever commits the crime described in subdivision 1 may be sentenced for each offense to imprisonment for not more than 364 days or to payment of a fine of not more than $3,000, or both.
