Minnesota § 227.55 NEGOTIATING RECEIPT WITHOUT CLEAR TITLE TO GOODS

Minnesota Statutes

§ 227.55 — NEGOTIATING RECEIPT WITHOUT CLEAR TITLE TO GOODS

Minnesota § 227.55

PartFARM PRODUCTS, COMMERCIAL PRACTICES

Ch. 227CRIMES INVOLVING WAREHOUSE RECEIPTS

This text of Minnesota § 227.55 (NEGOTIATING RECEIPT WITHOUT CLEAR TITLE TO 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. § 227.55 (2026).

Text

Subdivision 1.Elements of crime. 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. 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 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.

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.