Maine Revised Statutes Title 17 Sec. 1706 – Negotiation of receipt for mortgaged goods
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Terms Used In Maine Revised Statutes Title 17 Sec. 1706
- Conviction: A judgement of guilt against a criminal defendant.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Any person who deposits goods to which he has not title, or upon which there is a lien or mortgage, and who 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 guilty of a crime, and upon conviction shall be punished for each offense by a fine of not more than $1,000 or by imprisonment for not more than 11 months, or by both.