Virginia Code 61.1-6: Fraudulent negotiation of receipt for mortgaged goods
Current as of: 2024 | Check for updates
|
Other versions
Any person who deposits goods to which he has not title, upon which there is a lien or security interest, 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 security interest, shall be guilty of a misdemeanor, and upon conviction shall be punished as provided in § 18.2-12.
Terms Used In Virginia Code 61.1-6
- Conviction: A judgement of guilt against a criminal defendant.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
Code 1950, § 61-58; 1968, c. 69.