§ 14-105. Obtaining advances under written promise to pay therefor out of designated property. - North Carolina Statutes

§14‑105.  Obtaining advances under written promise to pay therefor out ofdesignated property.

If any person shall obtain anyadvances in money, provisions, goods, wares or merchandise of any descriptionfrom any other person or corporation, upon any written representation that theperson making the same is the owner of any article of produce, or of any otherspecific chattel or personal property, which property, or the proceeds of whichthe owner in such representation thereby agrees to apply to the discharge ofthe debt so created, and the owner shall fail to apply such produce or otherproperty, or the proceeds thereof, in accordance with such agreement, or shalldispose of the same in any other manner than is so agreed upon by the partiesto the transaction, the person so offending shall be guilty of a misdemeanor,whether he shall or shall not have been the owner of any such property at thetime such representation was made. Any person violating any provision of thissection shall be guilty of a Class 2 misdemeanor. (1879, cc. 185, 186; Code, s.1027; 1905, c. 104; Rev., s. 3434; C.S., s. 4282; 1969, c. 1224, s. 9; 1993, c.539, s. 43; 1994, Ex. Sess., c. 24, s. 14(c).)