18 U.S.C. § 658 — Property mortgaged or pledged to farm credit agencies

submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 128 words · no verdicts yet

in plain englishAI-generated · not legal advice

A person who knowingly hides, removes, gives away, or converts certain farm-credit property with intent to defraud may be fined or imprisoned. The maximum prison term is five years, reduced to one year when the property is worth $1,000 or less.

Whoever, intending to defraud, knowingly conceals, removes, disposes of, or converts for personal use or another’s use property mortgaged or pledged to, or held by, any listed farm-credit agency, bank, association, or successor agency commits the offense. The person may be fined under this title, imprisoned for up to 5 years, or both. If the property is worth no more than $1,000, the person may instead be fined under this title, imprisoned for up to 1 year, or both.

the actual law source: uscode.house.gov ↗public domain

Whoever, with intent to defraud, knowingly conceals, removes, disposes of, or converts to his own use or to that of another, any property mortgaged or pledged to, or held by, the Farm Credit Administration, any Federal intermediate credit bank, or the Federal Crop Insurance Corporation, the Secretary of Agriculture acting through the Farmers Home Administration or successor agency, the Rural Development Administration or successor agency, any production credit association organized under sections 1131–1134m of Title 12, any regional agricultural credit corporation, or any bank for cooperatives, shall be fined under this title or imprisoned not more than five years, or both; but if the value of such property does not exceed $1,000, he shall be fined under this title or imprisoned not more than one year, or both.

Source credit: (June 25, 1948, ch. 645, 62 Stat. 729; May 24, 1949, ch. 139, § 12, 63 Stat. 91; Oct. 31, 1951, ch. 655, § 21, 65 Stat. 718; July 26, 1956, ch. 741, title I, § 109, 70 Stat. 667; Pub. L. 87–353, § 3(r), Oct. 4, 1961, 75 Stat. 774; Pub. L. 101–624, title XXIII, § 2303(e), Nov. 28, 1990, 104 Stat. 3981; Pub. L. 103–322, title XXXIII, §§ 330004(7), 330016(1)(H), (K), Sept. 13, 1994, 108 Stat. 2141, 2147; Pub. L. 104–294, title VI, § 606(a), Oct. 11, 1996, 110 Stat. 3511; Pub. L. 106–78, title VII, § 767, Oct. 22, 1999, 113 Stat. 1174.)

history & why it existsrecord from the source credit

1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 729
1949Amended · Act of May 24, 1949, ch. 139 · 63 Stat. 91
1951Amended · Act of Oct. 31, 1951, ch. 655 · 65 Stat. 718
1956Amended · Act of July 26, 1956, ch. 741 · 70 Stat. 667
1961Amended · Pub. L. 87-353 · 75 Stat. 774
1990Amended · Pub. L. 101-624 · 104 Stat. 3981
1994Amended · Pub. L. 103-322 · 108 Stat. 2141, 2147
1996Amended · Pub. L. 104-294 · 110 Stat. 3511
1999Amended · Pub. L. 106-78 · 113 Stat. 1174

A history note hasn’t been published yet. The record shows enactment by ch. 645 on 1948-06-25.

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