Section 46. A person who with intent to deceive negotiates or transfers for value a bill, knowing that any or all of the goods which by its terms appear to have been received for transportation by the carrier which issued the bill, are not in the possession or control of such carrier, or of a connecting carrier, without disclosing this fact, shall be punished by a fine of not more than five thousand dollars or by imprisonment in the state prison for not more than five years or in a jail or house of correction for not more than two and one half years, or both.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 108 - Criminal Offences Relative to Bills of Lading
Section 42 - Fraudulent Issuance or Aiding in Issuance; Penalty; Bill of Lading Defined
Section 43 - False Statement in Bill
Section 44 - Issuance of Unmarked Duplicate Bill
Section 45 - Negotiation of Bill for Goods Subject to Mortgage or Lien
Section 46 - Negotiation or Transfer of Bill When Goods Not in Carrier's Possession
Section 47 - Inducing Carrier to Issue Bill When Goods Have Not Been Received