Minnesota § 227.53 ISSUING RECEIPT NOT SHOWING OPERATOR OWNS GOODS

Minnesota Statutes

§ 227.53 — ISSUING RECEIPT NOT SHOWING OPERATOR OWNS GOODS

Minnesota § 227.53

PartFARM PRODUCTS, COMMERCIAL PRACTICES

Ch. 227CRIMES INVOLVING WAREHOUSE RECEIPTS

This text of Minnesota § 227.53 (ISSUING RECEIPT NOT SHOWING OPERATOR OWNS GOODS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 227.53 (2026).

Text

Subdivision 1.Elements of crime. 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.Penalty. 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.

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Subdivision 1.Elements of crime.
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.Penalty.
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.