2001 Minnesota Statutes

     227.53 Issuing receipt not showing operator owns goods. 

    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 one year or to payment of a fine 
 of not more than $3,000, or both. 

    HIST: (5162) 1913 c 161 s 53; 1984 c 628 art 3 s 11; 1986 c 
 444; 1988 c 469 art 3 s 1