Section 8-406 - Misuse of documents of title. - Maryland Statutes

§ 8-406. Misuse of documents of title.
 

(a)  Prohibited.- A person, on the person's own behalf or on behalf of another, who receives, accepts, or takes in trust from another a warehouse or elevator receipt, bill of lading, or document giving, or purporting to give, title to, or the right to possession of, goods, wares, merchandise, or other personal property, subject to a written contract expressing the terms and conditions of the trust, may not fail to fulfill in good faith the terms and conditions of the trust. 

(b)  Penalty.- A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not less than 1 year and not exceeding 10 years or a fine not less than $500 and not exceeding $5,000 or both. 

(c)  Statute of limitations and in banc review.- A person who violates this section is subject to § 5-106(b) of the Courts Article. 
 

[An. Code 1957, art. 27, § 163; 2002, ch. 26, § 2.]