Negotiation of warehouse receipt 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. Warehouse Receipts
6. 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.

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