Legislation
SECTION 101
Negotiation of bill of lading for goods subject to security interest or lien
General Business (GBS) CHAPTER 20, ARTICLE 9
§ 101. Negotiation of bill of lading for goods subject to security
interest or lien. Any person who ships goods to which he has not title,
or which are subject to a security interest, or upon which there is a
lien, and who takes for such goods a negotiable bill of lading which he
afterwards negotiates for value with intent to deceive and without
disclosing his want of title or the existence of the security interest
or lien, shall be guilty of a misdemeanor.
interest or lien. Any person who ships goods to which he has not title,
or which are subject to a security interest, or upon which there is a
lien, and who takes for such goods a negotiable bill of lading which he
afterwards negotiates for value with intent to deceive and without
disclosing his want of title or the existence of the security interest
or lien, shall be guilty of a misdemeanor.