Subdivision 1. Elements of crime; exception.
If:
(1) a warehouse operator, or an officer, agent, or employee of a warehouse operator, delivers goods out of the possession of the warehouse operator;
(2) the deliverer knows that a negotiable receipt is outstanding and uncanceled and that if the receipt were negotiated it would transfer the right to possess the goods; and
(3) the deliverer does not get possession of the receipt at or before the delivery;
then the deliverer is guilty of a crime, unless the delivery is permitted by law.
Subd. 2. Penalty.
Whoever commits the crime described in subdivision 1 may be sentenced for each offense to imprisonment for not more than 364 days or to payment of a fine of not more than $3,000, or both.