(a) A person may not, with intent to defraud, negotiate or transfer a bill of lading that:
(1) is issued in violation of Chapter 7; or
(2) contains a false, material statement of fact.
(b) A person who violates this section commits an offense. An offense under this section is a felony punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years.