Negotiation of bill of lading for mortgaged goods and goods of others

1. Law
2. Maryland Code
3. Commercial Law
4. Bills of Lading and Warehouse Receipts -- Criminal Provisions
5. Bills of Lading
6. Negotiation of bill of lading for mortgaged goods and goods of others

    A person may not ship goods to which he has no title or on which there is a lien or security interest and transfer a negotiable bill of lading for the goods for value:

        (1)    With intent to defraud; and

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

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