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Code · Massachusetts · Part IV — CRIMES, PUNISHMENTS AND PROCEEDINGS IN CRIMINAL CASES · Title I — THE GENERAL LAWS, AND EXPRESS REPEAL OF CERTAIN ACTS AND RESOLVES · Chapter 266

Section 85: Collateral security; sale before debt due

70 words·~1 min read·/ma/part-iv/title-i/chapter-266/85

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Section 85. Whoever, holding collateral security deposited with him for the payment of a debt which may be due to him, sells, pledges, lends or in any way disposes of the same before such debt becomes due and payable, without the authority of the depositor thereof, shall be punished by a fine of not more than five hundred dollars or by imprisonment in jail for not more than two years.
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