(1) Any person who, with intent to deceive or defraud others, shall deface, alter, remove, cover, destroy or obliterate the manufacturer’s serial or identification number on any item of property shall be guilty of a felony.
(2) Any person or persons who, with intent to deceive or defraud others, knowingly disposes of, sells, trades or barters, or offers to dispose of, sell, trade or barter any item of property on which the manufacturer’s serial or identification number has been defaced, altered, removed, covered or obliterated shall be guilty of a felony.
(3) Any violation of the provisions of this act [this section] shall be punishable by a fine not to exceed one thousand dollars ($1,000) or by imprisonment of not more than five (5) years in the state penitentiary or both.