Section 18-305 - Delivery of goods without obtaining negotiable warehouse receipt. - Maryland Statutes

§ 18-305. Delivery of goods without obtaining negotiable warehouse receipt.
 

Except as provided by § 7-601 of this article, a warehouseman or his officer, agent, or employee may not deliver goods out of the possession of the warehouseman: 

(1) With knowledge that a negotiable warehouse receipt, the negotiation of which would transfer the right to the possession of the goods, is outstanding and uncancelled; and 

(2) Without obtaining the possession of the warehouse receipt at or before the time of the delivery. 
 

[An. Code 1957, art. 14A, § 54; 1975, ch. 49, § 3.]