MARVIN MANDEL, Governor

681

appear in §18-401 of this title.

18-303. ISSUANCE OF WAREHOUSE RECEIPT CONTAINING FALSE
STATEMENT.

A WAREHOUSEMAN OR HIS OFFICER, AGENT, OR EMPLOYEE
MAY NOT ISSUE OR AID IN ISSUING A WAREHOUSE RECEIPT FOR
GOODS:

(1)       WITH INTENT TO DEFRAUD; AND

(2)       WITH THE KNOWLEDGE THAT IT CONTAINS A FALSE
STATEMENT.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 14A, §51.

The penalty provisions of present §51 now
appear in §18-401 of this title.

18-304. ISSUANCE FOR WAREHOUSEMAN'S GOODS OF WAREHOUSE
RECEIPTS WHICH DO NOT STATE OWNERSHIP.

A WAREHOUSEMAN OR HIS OFFICER, AGENT, OR EMPLOYEE,
WITH THE KNOWLEDGE THAT ANY GOODS DEPOSITED WITH OR HELD
BY THE WAREHOUSEMAN ARE IN FACT GOODS OF WHICH THE
WAREHOUSEMAN, SOLELY, JOINTLY, OR IN COMMON WITH OTHERS,
IS AN OWNER, MAY NOT ISSUE OR AID IN ISSUING A NEGOTIABLE
WAREHOUSE RECEIPT FOR THE GOODS WHICH DOES NOT STATE THAT
OWNERSHIP.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 14A, §53.

The penalty provisions of present §53 now
appear in §18—401 of this title.

18-305. DELIVERY OF GOODS WITHOUT OBTAINING NEGOTIABLE
WAREHOUSE RECEIPT.

EXCEPT AS PROVIDED BY §7-601 OF THIS ARTICLE, A
WAREHOUSEMAN OR HIS OFFICER, AGENT, OR EMPLOYEE MAY NOT
DELIVER GOODS OUT OF THE POSSESSION OF THE WAREHOUSEMAN:

(1)       WITH KNOWLEDGE THAT A NEGOTIABLE WAREHOUSE
RECEIPT, THE NEGOTIATION OF WHICH WOULD TRANSFER THE
RIGHT TO THE POSSESSION OF THE GOODS, IS OUTSTANDING AND
UNCANCELLED; AND

(2) WITHOUT OBTAINING THE POSSESSION OF THE
WAREHOUSE RECEIPT AT OR BEFORE THE TIME OF THE DELIVERY.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 14A, §54.