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Minnesota Criminal Justice Statute Service
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227.55
Statute ID:
53
Warehouse Receipts-Negotiate w/o Clear Title
In Effect
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Text
Details are only available for Penalty and Charging Statutes.
Statute Number:
227.55
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Repealed?: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:
53
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-Negotiate w/o Clear Title
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/227/55.html
Legislative Session:
2005 - NA
Session Law Text?:
No
Statute text last updated on:
Aug 20, 2013
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. Subdivision 1. 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.
