Section 18-306 - Negotiation of warehouse receipt for mortgaged goods and goods of others. - Maryland Statutes

§ 18-306. Negotiation of warehouse receipt for mortgaged goods and goods of others.
 

A person may not deposit goods to which he has no title or on which there is a lien or security interest and take a negotiable warehouse receipt for the goods and negotiate it for value: 

(1) With intent to defraud; and 

(2) Without disclosing his lack of title or the existence of the lien or security interest. 
 

[An. Code 1957, art. 14A, § 55; 1975, ch. 49, § 3.]