- The Laws of New York
- Consolidated Laws
- General Business
- Article 9: Bills of Lading, Warehouse Receipts, Other Receipts and Vouchers
Section 110 Negotiation of warehouse receipt for goods subject to security interest or lien
General Business (GBS)
Negotiation of warehouse receipt for goods subject to security interest or lien. Any person who deposits with a warehouseman goods to which he has no title, or which are subject to a security interest, or upon which there is a lien, and who takes for such goods a negotiable warehouse receipt which he afterward 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.