Any person who deposits goods to which he or she has no title or upon which there is a lien or mortgage, and who takes for the goods a negotiable receipt which he or she afterward negotiates for value with intent to deceive and without disclosing his or her want of title or the existence of the lien or mortgage, shall be guilty of a Class A misdemeanor.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 5 - Contracts, Notes, and Other Commercial Instruments
Subchapter 4 - Warehouse Receipts
§ 4-59-401. Issuance of receipt for goods not received or controlled
§ 4-59-402. Fraudulent issuance of receipt containing false statement
§ 4-59-403. Issuance of duplicate receipt not so marked
§ 4-59-404. Issuance of receipt for goods owned by warehouseman without statement of ownership
§ 4-59-405. Delivering goods without obtaining negotiable receipt