Any person who with intent to defraud issues or aids in issuing a nonnegotiable bill without the words “not negotiable” placed plainly upon the face thereof shall be guilty of a crime and upon conviction shall be punished for each offense by imprisonment not exceeding five (5) years or by a fine not exceeding five thousand dollars ($5,000), or by both.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 5 - Contracts, Notes, and Other Commercial Instruments
Subchapter 3 - Bills of Lading
§ 4-59-301. Issuance of bill for goods not received
§ 4-59-302. Issuance of bill containing false statement
§ 4-59-303. Issuance of duplicate bills not so marked
§ 4-59-304. Issuance of nonnegotiable bill not so marked
§ 4-59-305. Inducing carrier to issue bill when goods have not been received
§ 4-59-306. Negotiation of bill for unowned or mortgaged goods
§ 4-59-307. Negotiation of bill when goods are not in carrier's possession