There is a newer version of the Maryland Code
Maryland Commercial Law Section 7-401
§ 7-401.
  The obligations imposed by this title on an issuer apply to a document of title even if:
    (1)   The document does not comply with the requirements of this title or of any other statute, rule, or regulation regarding its issuance, form, or content;
    (2)   The issuer violated laws regulating the conduct of its business;
    (3)   The goods covered by the document were owned by the bailee when the document was issued; or
    (4)   The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.
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