Minnesota Statutes 609.62 – Defeating Security On Personalty
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Subdivision 1.Definition.
In this section “security interest” means an interest in property which secures payment or other performance of an obligation.
Subd. 2.Acts constituting.
Terms Used In Minnesota Statutes 609.62
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
Terms Used In Minnesota Statutes 609.62
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
Whoever, with intent to defraud, does any of the following may be sentenced to imprisonment for not more than three years or to payment of a fine of not more than $6,000, or both:
(1) conceals, removes, or transfers any personal property in which the actor knows that another has a security interest; or
(2) being an obligor and knowing the location of the property refuses to disclose the same to an obligee entitled to possession thereof.