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§ 18-301. Goods not received

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 18. Bills of Lading and Warehouse Receipts--Criminal Provisions
Subtitle 3. Warehouse Receipts (Refs & Annos)
MD Code, Commercial Law, § 18-301
§ 18-301. Goods not received
Currentness
(a) A person or his agent or officer may not issue any warehouse receipt, acceptance of an order, or other voucher for storage or deposit in the State of any goods if, at the time the instrument is issued, the goods are not:
(1) In his actual possession or custody;
(2) On his premises; or
(3) Under his absolute and exclusive control.
(b) A warehouseman or his officer, agent, or employee may not issue or aid in issuing a warehouse receipt for any goods with the knowledge that, at the time the warehouse receipt is issued, the goods:
(1) Have not been received by the warehouseman; or
(2) Are not under the control of the warehouseman.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 14A, § 50; Art. 27, § 160.
MD Code, Commercial Law, § 18-301, MD COML § 18-301
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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