Section 18-207 – Negotiation of Bill of Lading for Mortgaged Goods and Goods of Others

    A person may not ship goods to which he has no title or on which there is a lien or security interest and transfer a negotiable bill of lading for the goods for value:

        (1)    With intent to defraud; and

        (2)    Without disclosing his lack of title or the existence of the lien or security interest.