§ 2054. Negotiation of bill of lading for goods subject to security interest

A person who ships goods to which he or she has not title or in which there is a security interest and who takes for such goods a negotiable bill of lading which he or she afterwards negotiates for value with intent to deceive and without disclosing his or her want of title or the existence of the security interest, shall be imprisoned not more than one year or fined not more than $1,000.00, or both. (Added 1966, No. 29 (Sp. Sess.), § 9.)