570.180 Defrauding secured creditors — penalty.

570.180. Defrauding secured creditors — penalty. — 1. A person commits the offense of defrauding secured creditors if he or she destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a security interest with purpose to defraud the holder of the security interest. 2. The offense of defrauding secured creditors is a class A misdemeanor unless the amount remaining to be paid on the secured debt, including interest, is seven hundred fifty dollars or more, in which case defrauding secured creditors is a class E felony. (L. 1977 S.B. 60, A.L. 2014 S.B. 491) Effective 1-01-17