The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1876-05-20
CHAPTER 262.
Bills Of Lading, Storage, &c.
AN ACT


To promote the security of Commercial
Transactions, by regulating the issue, nego.
liability and transfer Of bills of lading,
storage receipts and like commercial in.
struments, by defining the rights of the
holders thereof and by preventing and
furnishing improper dealings with the same
or with the goods covered thereby.
Sec. /. Be 1t enacted by the General AS.
sembly Of Maryland, That the following Arti.
Gle OF eight Sections be and the same is
hereby added to and made a part Of the Code
of Public General Laws Of the State, viz.
/. All bills oflading and all receipts vouch.
ers or acknowledgements whatsoever, in writ
ing, in the nature, or stead Of bills of lading,
for goods, chattels or commodities of any
kind, to be transported on land or water, or
on both, which shall be executed in this
State, or being executed elsewhere shall
provide for the delivery of goods, chat
tells or commodities Of any kind within this
State, and any warehouse, elevator, or stor.
age receipts whatsoever, for goods, chattels,
or commodities Of any kind, stored and de.
posted, or in said receipts stated or ack
edged to be stored or deposited for any pur.
pose, in any warehouse, elevator, or other
place of storage or deposit, in this State,
shall be and they are hereby constituted and
declared to be negotiable instruments and
securities unless il be provided in express
terms to the contrary on the face thereof in
the same sense as bills of exchange and
promissory notes and full and complete title
to the property in said instruments mentioned
or described and oil rights and remedies Incl
dent TO such title or arising under or deriva.
BILE from the said instruments, shall enure to,
and be vested in each and every bona iide
holder thereof for value altogether unaffected
by any rights or equities whatsoever of or
between the original or any other prior hold
ers of, or parties to the same, of which such
bona iide holder for value shall not have had
actual notice, at the time he became such.
2. Every instrument, of those mentioned
and described in section one, which shall be
issued by any person or corporation, or by
any agent or officer Of any person or corpora
ton authorized to issue the same on his or
its behalf, or authorized or permitted by such
person or corporation to issue like instru.
ments on his or its behalf for goods, chattels,
or commodities sctually received for trans
portation or held on storage, as the case may
be, shall be conclusive evidence in the hands
Of any bona fide holder for value Of such in.
strument, who shall have become such without
actual notice to the contrary, that all of the
goods, chattels, and commodities in said in,
strument, mentioned or described, had been
actually received by, and we're actually in the
possession and custody OF such person OF
corporation at the time Of issuing the instru
ment according to the tenor thereof and fol
the purposes and to the effects therein stipu
lated or provided, notwithstanding that Inc
fact may be otherwise, and that such agent OF
officer may have no authority TO issue an,
such instrument, on behalf Of his said princi
pal, except for goods, chattels or conimodi
ties actually received and in the possession a
the time Of such issue.
3, Every acceptance Of an order, and
every other voucher whatsoever, for any
goods, chattels, or commodities. as on stor
age or deposit, whereby the custody or posses
sion Of such goods, chattels, or commoditie,
shall be acknowledged or certified, BY any
warehouseman, whaffnger or other person d
corporation within the State, and which &C
ceptance eorvoucher shall not on its face provid.
or stipulate ia terms, that it shall not be ne