1. The Laws of New York
  2. Consolidated Laws
  3. General Business
  4. Article 9: Bills of Lading, Warehouse Receipts, Other Receipts and Vouchers


Section 101 Negotiation of bill of lading for goods subject to security interest or lien

General Business (GBS)

Negotiation of bill of lading for goods subject to security interest or lien. Any person who ships goods to which he has not title, or which are subject to a security interest, or upon which there is a lien, and who takes for such goods a negotiable bill of lading which he afterwards negotiates for value with intent to deceive and without disclosing his want of title or the existence of the security interest or lien, shall be guilty of a misdemeanor.