(a) A person commits the crime of defrauding secured creditors if he 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.
(b) Defrauding secured creditors is a class A misdemeanor unless the amount remaining to be paid on the secured debt, including interest, is $500 or more, then defrauding secured creditors is a class D felony.
History: 1979, PL 16-43 § 2.