Chap. 614.—An ACT in relation to the fraudulent sale, negotiation, pledge or |

hypothecation of licensed warehouse or other licensed storage receipts, and
to provide punishment in respect thereto.

Approved March 3, 1896.

1. Be it enacted by the general assembly of Virginia, That any firm |

or person, natural or artificial, who shall issue any licensed ware-
house or other licensed storage receipt for farm product in his own
name, being in possession of said farm product for or on account of
another, and sell, negotiate, pledge or hypothecate such licensed
warehouse or other licensed storage receipt and fraudulently fail to
account for or pay over to his principal or the owner of the property
the amount so received on such sale, negotiation, pledge or hypothe-
cation less the charges and amount due him, shall be deemed guilty
of the larceny of such money, or the farm product, or the receipt,

and, upon conviction thereof, punished by confinement in the peni- |

tentiary not less than one year nor more than five years; and the
failure to account for or pay over to such principal or owner shall be
prima facie proof of fraudulent intent.