Any person who deposits goods to which he or she has no title or upon which there is a lien or mortgage, and who takes for the goods a negotiable receipt which he or she afterward 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. § 4-59-406
Negotiation of receipt by depositor of encumbered or another's goods without disclosing facts
Known as the Uniform Voidable Transactions Act
The act spans §§ 4–4 (34 sections).
Acts 1915, No. 273, § 55; C. & M
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.