(a) A person commits an offense if the person:
(1) deposits grain without having title to the grain or deposits grain on which there is a lien or mortgage;
(2) receives for the grain a negotiable receipt; and
(3) negotiates the receipt for value with intent to deceive and without disclosing the person's lack of title or the existence of a lien or mortgage on the grain.
(b) An offense under this section is a felony of the second degree.