La. Stat. tit. 9 § 5535
Current with changes from the 2024 Legislative Session
If any mortgagee named in a mortgage of a ship, and not being at the time the owner and holder of the debt secured, shall fraudulently execute a release or satisfaction of said mortgage, he shall be fined not more than five hundred dollars, or imprisoned for not more than six months, or both.
La. R.S. § 9:5535