Section 18-207 - Negotiation of bill of lading for mortgaged goods and goods of others.
§ 18-207. Negotiation of bill of lading for mortgaged goods and goods of others.
A person may not ship goods to which he has no title or on which there is a lien or security interest and transfer a negotiable bill of lading for the goods for value:
(1) With intent to defraud; and
(2) Without disclosing his lack of title or the existence of the lien or security interest.
[An. Code 1957, art. 14, § 47; 1975, ch. 49, § 3.]