General Laws of Massachusetts - Chapter 105 Public Warehouses - Section 60 Negotiation of receipt for mortgaged goods

Section 60. Whoever deposits goods to which he has no title, or upon which there is a lien or mortgage, and takes for such goods a negotiable receipt which he afterwards negotiates for value with intent to deceive, and without disclosing his want of title or the existence of the lien or mortgage, shall be punished by a fine of not more than one thousand dollars or by imprisonment for not more than one year, or both.

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Last modified: September 11, 2015