N.Y. Penal Law § 185.10: Fraudulent disposition of mortgaged property

§ 185.10 Fraudulent disposition of mortgaged property.

A person is guilty of fraudulent disposition of mortgaged property

when, having theretofore executed a mortgage of real or personal

property or any instrument intended to operate as such, he sells,

assigns, exchanges, secretes, injures, destroys or otherwise disposes of

any part of the property, upon which the mortgage or other instrument is

at the time a lien, with intent thereby to defraud the mortgagee or a

purchaser thereof.

Fraudulent disposition of mortgaged property is a class A misdemeanor.