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.
Structure Maryland Statutes
Title 18 - Bills of Lading and Warehouse Receipts -- Criminal Provisions
Subtitle 3 - Warehouse Receipts
Section 18-301 - Issuance of Warehouse Receipt for Goods Not Received
Section 18-302 - Issuance of Duplicate Warehouse Receipt Not So Marked
Section 18-303 - Issuance of Warehouse Receipt Containing False Statement
Section 18-305 - Delivery of Goods Without Obtaining Negotiable Warehouse Receipt
Section 18-306 - Negotiation of Warehouse Receipt for Mortgaged Goods and Goods of Others