Sec. 41-50. Negotiation of bill for mortgaged goods.
Sec. 41-50. Negotiation of bill for mortgaged goods. Any person who ships goods
to which he has no title or upon which there is a lien or mortgage, and who takes, for
such goods, a negotiable bill which he afterwards negotiates, for value, with intent to
deceive, and without disclosing his want of title or the existence of the lien or mortgage,
shall, for each offense, be fined not more than one thousand dollars or imprisoned not
more than one year or both.
(1949 Rev., S. 6613.)