2712 ARTICLE 83.
making the delivery or transfer were expressly authorized by the owner
of the goods to make the same.
This section referred to in construing sec. 25—see notes thereto. Stem v. Crawford,
133 Md. 588.
See art. 14, sec. 39, and art. 14A, sec. 48.
An. Code, sec. 47. 1910, ch. 346, sec. 44 (p. 281).
47. Where a person having sold goods continues in possession of the
goods or of negotiable documents of title to the goods and such retention
of possession is fraudulent in fact or is deemed fraudulent under any rule
of law a creditor or creditors of the seller may treat the sale as void.
An. Code, sec. 48. 1910, ch. 346, sec. 45 (p. 281).
48. A document of title in which it is stated that the goods referred to
therein will be delivered to the bearer, or to the order of any person
named in such document, is a negotiable document of title.
An. Code, sec. 49. 1910, ch. 346, sec. 46 (p. 281).
49. A negotiable document of title may be negotiated by delivery:
(a) Where by the terms of the document the carrier, warehouseman or
other bailee issuing the same undertakes to deliver the goods to the
bearer; or,
(b) Where by the terms of the document the carrier, warehouseman
or other bailee issuing the same undertakes to deliver the goods to the
order of a specified person, and such person or a subsequent endorsee of
the document has endorsed it in blank or to bearer; where by the terms
of a negotiable document of title the goods are deliverable to bearer, or
where a negotiable document of title has been indorsed in blank or to bearer,
any holder may indorse the same to himself or to any other specified per-
son, and in such case the document shall thereafter be negotiated only by
the indorsement of such indorsee.
An. Code, sec. 50. 1910, ch. 346, sec. 47 (p. 281).
50. A negotiable document of title may be negotiated by the indorse-
ment of the person to whose order the goods are by the terms of the docu-
ment deliverable. Such indorsement may be in blank, to bearer or to a
specified person. If indorsed to a specified person, it may be again nego-
tiated by the indorsement of such person in blank, to bearer or to another
specified person. Subsequent negotiation may be made in like manner.
An. Code, sec. 51. 1910, ch. 346, sec. 48 (p. 281).
51. If a document of title, which contains an undertaking by a carrier,
warehouseman or other bailee to deliver the goods to the bearer, to a speci-
fied person or order, or to the order of a specified person, or which con-
tains words of like import, has placed upon it the words " not negotiable,"
" non-negotiable," or the like, such a document may nevertheless be negoti-
ated by the holder, and is a negotiable document of title within the mean-
ing of this sub-title. But nothing in this sub-title contained shall be con-
strued as limiting or defining the effect upon the obligations of the carrier,
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