Maryland Code, COMMERCIAL LAW 18-306
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, COMMERCIAL LAW 18-306
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
A person may not deposit goods to which he has no title or on which there is a lien or security interest and take a negotiable warehouse receipt for the goods and negotiate it for value:
(1) With intent to defraud; and
(2) Without disclosing his lack of title or the existence of the lien or security interest.