c. 266, § 83
Personalty; sale by mortgagor without consent
Official text prohibited actmental stateif conditionpenaltylegal term
A mortgagor of personal property who sells or conveys the same or any part thereof without the written consent of the mortgagee, and without informing the vendee or grantee that the same is mortgaged, shall be punished by a fine of not more than one hundred dollars or by imprisonment for not more than one year.
Simplified explanation
A mortgagor who sells personal property without the mortgagee's written consent and without telling the buyer it is mortgaged faces up to 1 year of imprisonment or a $100 fine.