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Md. Code, Criminal Law § 7-115

This is the official text of Md. Code, Criminal Law § 7-115, part of Maryland’s Code, Criminal Law — defines crimes and punishments in Maryland.

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§7–115.

Official statutory text

(a) While a contract of pledge or hypothecation is in effect, a person may not, without the consent of the pledgor, repledge or rehypothecate a security, the title to which passes by delivery or endorsement received or held by the person as guaranty for money lent or advanced to the owner or holder of the security.

(b) A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 5 years or a fine not less than $500 and not exceeding $5,000 or both.

(c) A person who violates this section is subject to § 5-106(b) of the Courts Article.

Status: in_force · Read it on the official government site

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