§ 228.49 — Negotiating Bill for Goods Carrier Does Not Have
Plain-Language Summary
It is a crime to knowingly negotiate or transfer a bill of lading for value when you know the carrier does not actually have or control some or all of the goods described in the bill. This is a felony-level offense.
228.49 NEGOTIATING BILL FOR GOODS CARRIER DOES NOT HAVE.
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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
History: History: (5006) 1917 c 399 s 48; 1984 c 628 art 3 s 11; 1988 c 469 art 4 s 1