Negotiation of Bill of Lading for Goods Subject to Security Interest or Lien.

Checkout our iOS App for a better way to browser and research.

§ 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.



Download our app to see the most-to-date content.