Md. Code, Com. § 18-306

Current with changes from the 2024 Legislative Session

Section 18-306 - 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.

Md. Code, CL § 18-306