- Whoever, after pledging as security any real or personal property whatever, for a loan or other security, during the existence of said pledge, with the intent to defraud the pledgee, his representatives or assigns, transfers, sells, takes, drives or carries away or otherwise disposes of or permits the transferring, selling, taking or carrying away or other disposal of said property, or any part thereof, without the written consent of the pledgee, shall—
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(1) if the property pledged was less than $100 in value, be fined not more than $200 or imprisoned not more than 1 year, or both; or
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(2) if the property pledged was $100 or more in value, be imprisoned not more than 10 years.
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