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2013 Maryland Code
COMMERCIAL LAW
§ 18-306 - Negotiation of warehouse receipt for mortgaged goods and goods of others


MD Comm L Code § 18-306 (2013) What's This?

§18-306.

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.

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