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2015 New York Laws
GBS - General Business
Article 9 - (General Business) BILLS OF LADING, WAREHOUSE RECEIPTS, OTHER RECEIPTS AND VOUCHERS
101 - Negotiation of bill of lading for goods subject to security interest or lien.

NY Gen Bus L § 101 (2015) What's This?
  101.  Negotiation  of  bill of lading for goods subject to security
  interest or lien.  Any person who ships goods to which he has not title,
  or which are subject to a security interest, or upon which  there  is  a
  lien,  and who takes for such goods a negotiable bill of lading which he
  afterwards negotiates for value  with  intent  to  deceive  and  without
  disclosing  his  want of title or the existence of the security interest
  or lien, shall be guilty of a misdemeanor.

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