Can you summarize MORS 570.180?

Short Summary

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

Jurisdiction

Missouri

Source

• Banking