If any mortgagee named in a mortgage of a ship, and not being at the time the owner and holder of the debt secured, shall fraudulently execute a release or satisfaction of said mortgage, he shall be fined not more than five hundred dollars, or imprisoned for not more than six months, or both.
R.S. 9:5535 active rs title
Fraudulent release of mortgage; penalty ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1975, No. 368, §1