Any person who ships goods to which he or she does not have title or upon which there is a lien or mortgage and who takes for such goods a negotiable bill 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 lien or mortgage shall be guilty of a Class A misdemeanor.
Ark. Code Ann. § 4-59-306
Negotiation of bill for unowned or mortgaged goods
Known as the Uniform Voidable Transactions Act
The act spans §§ 4–4 (34 sections).
Acts 1941, No. 264, § 47; A.S.A. 1947, § 68-1147; Acts 2005, No. 1994, § 215.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.