(1) Any person who wilfully makes a false or fraudulent representation in his application for a license or warehouse receipt, or who wilfully removes or permits to be removed from the farm warehouse or warehouses owned or controlled by him, any grain contained in such warehouses while a farm warehouse receipt or receipts issued upon such grain is negotiated, transferred or assigned, without first procuring a release and the consent of the owner of the grain, or who falsely swears as to the true ownership of any such grain, or as to the existence of any security interest, lien or other encumbrance thereon, or who otherwise commits any willful violation of any provision of this chapter, shall be guilty of a felony, and upon conviction thereof, shall be punished by a fine of not more than twenty thousand dollars ($20,000.00) and/or imprisonment for not more than five (5) years.
(2) Any person who negligently commits any of the violations listed in subsection (1) of this section or who otherwise commits any negligent violation of this chapter shall be guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than five thousand dollars ($5,000.00) and/or imprisonment for not more than one (1) year.
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