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2015 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 5 - Contracts, Notes, And Other Commercial Instruments
Chapter 59 - Fraud
Subchapter 4 - Warehouse Receipts
§ 4-59-405 - Delivering goods without obtaining negotiable receipt.

AR Code § 4-59-405 (2015) What's This?

A warehouseman or any officer, agent, or servant of a warehouseman who delivers goods out of the possession of the warehouseman without obtaining the possession of the receipt at or before the time of the delivery, knowing that a negotiable receipt, the negotiation of which would transfer the right to the possession of the goods, is outstanding and uncancelled shall be guilty of a Class A misdemeanor.

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