N.Y. Gen. Bus. Law § 101

§ 101. Negotiation of bill of lading for goods subject to security\ninterest or lien. Any person who ships goods to which he has not title,\nor which are subject to a security interest, or upon which there is a\nlien, and who takes for such goods a negotiable bill of lading which he\nafterwards negotiates for value with intent to deceive and without\ndisclosing his want of title or the existence of the security interest\nor lien, shall be guilty of a misdemeanor.\n