Selling goods covered by own receipt
Official text prohibited actmental stateif conditionpenaltylegal term
Every person mentioned in this chapter, who sells, hypothecates, or pledges any merchandise for which any bill of lading, receipt, or voucher has been issued by him or her, without the consent in writing thereto of the person holding that bill, receipt, or voucher, is punishable by imprisonment pursuant to subdivision (h) of Section 1170, or by a fine not exceeding one thousand dollars ($1,000), or both.
History: Amended by Stats. 2011, Ch. 15, Sec. 401. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.
Simplified explanation
A carrier or warehouseman who sells, hypothecates, or pledges merchandise for which it issued a bill of lading or receipt, without the holder's written consent, faces a felony jail term, a $1,000 fine, or both.