Md. Code, Commercial Law § 18-305
This is the official text of Md. Code, Commercial Law § 18-305, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§18–305.
Official statutory text
Except as provided by § 7-601 of this article, a warehouseman or his officer, agent, or employee may not deliver goods out of the possession of the warehouseman:
(1) With knowledge that a negotiable warehouse receipt, the negotiation of which would transfer the right to the possession of the goods, is outstanding and uncancelled; and
(2) Without obtaining the possession of the warehouse receipt at or before the time of the delivery.
(1) With knowledge that a negotiable warehouse receipt, the negotiation of which would transfer the right to the possession of the goods, is outstanding and uncancelled; and
(2) Without obtaining the possession of the warehouse receipt at or before the time of the delivery.
Status: in_force · Read it on the official government site
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