Subdivision 1. Elements of crime. If:
(1) a carrier issues a bill for goods;
(2) the goods by the terms of the bill appear to have been received for transportation by the carrier; and
(3) a person intending to deceive negotiates or transfers the bill for value knowing that the carrier or a connecting carrier does not have or control some or all of the goods;
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 five years or to payment of a fine of not more than $10,000, or both.
History:(5006) 1917 c 399 s 48; 1984 c 628 art 3 s 11; 1988 c 469 art 4 s 1