---
urn: urn:us-la:rs:9:5535
citation: "R.S. 9:5535"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title XXII › Chapter 4"
acts_citations:
  - { year: 1975, number: 368, section: 1, effective_date: null, role: enactment }
---

# Fraudulent release of mortgage; penalty

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.