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§ 18-306. Deposits for receipts prohibited

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, § 18-306
§ 18-306. Deposits for receipts prohibited
Currentness
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.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 14A, § 55.
MD Code, Commercial Law, § 18-306, MD COML § 18-306
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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