Sec. 54.
A warehouseman, or any officer, agent or servant of a warehouseman, who delivers goods out of the possession of such warehouseman, knowing that a negotiable receipt, the negotiation of which would transfer the right to the possession of such goods, is outstanding and uncanceled, without obtaining the possession of such receipt at or before the time of such delivery, shall, except in the cases provided for in sections 14 and 36, be found guilty of a crime, and upon conviction shall be punished for each offense by imprisonment not exceeding 1 year, or by a fine not exceeding 1,000 dollars, or by both.
History: 1909, Act 303, Eff. Sept. 1, 1909 ;-- CL 1915, 6616 ;-- CL 1929, 9617 ;-- CL 1948, 443.54
Structure Michigan Compiled Laws
Chapter 443 - Uniform Warehouse Receipts Act
Act 303 of 1909 - Uniform Warehouse Receipts Act (443.1 - 443.58)
Section 443.1-443.49 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
Section 443.50 - Warehouse Receipts; Issuance for Goods Not Received, Penalty.
Section 443.51 - Warehouse Receipts; False Statement, Penalty.
Section 443.52 - Warehouse Receipts; Issuance of Duplicate Not Marked, Penalty.
Section 443.53 - Warehouse Receipts; Issuance for Warehouseman's Own Goods Without Stating, Penalty.
Section 443.54 - Warehouse Receipts; Delivery of Goods Without Obtaining, Penalty.
Section 443.55 - Warehouse Receipts; Negotiation by Depositor Without Title, Penalty.
Section 443.56-443.58 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.