Sec. 5. A warehouseman, or any officer, agent, or servant of a warehouseman, who delivers goods out of the possession of the warehouseman, knowing that a negotiable receipt, the negotiation of which would transfer the right to the possession of the goods, is outstanding and uncanceled, without obtaining the possession of the receipt at or before the time of delivery, commits a Class A misdemeanor.
Ind. Code § 26-3-2-5
Delivery of goods without canceling outstanding receipt
Known as the Uniform Warehouse Receipts Act
The act spans §§ 26-3-2-1 to 26-3-2-7 (7 sections).
Formerly: Acts 1921, c.100, s.54
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.