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 364 days or to payment of a fine of not more than $3,000, or both. History: (5162) 1913 c 161 s 53; 1984 c 628 art 3 s 11; 1986 c 444; 1988 c 469 art 3 s 1; 2023 c 52 art 6 s 16
Minnesota Legal Code