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.
(5005) 1917 c 399 s 47; 1984 c 628 art 3 s 11; 1986 c 444; 1988 c 469 art 4 s 1
Structure Minnesota Statutes
Chapters 223 - 236A — Farm Products, Commercial Practices
Chapter 228 — Crimes Involving Bills Of Lading
Section 228.45 — Issuing Bill For Goods Not Received, Controlled.
Section 228.46 — Issuing A Bill With A False Statement In It.
Section 228.47 — Issuing A Duplicate Bill With Fraud In Mind.
Section 228.48 — Negotiating Bill Without Clear Title To Goods.
Section 228.49 — Negotiating Bill For Goods Carrier Does Not Have.
Section 228.50 — Getting Carrier Without Goods To Issue A Bill.
Section 228.51 — Issuing A Nonnegotiable Bill Not So Marked.