§ 18-306
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/md/commercial-law/18-306·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.