Sec. 40-51. Issue of receipt for goods not received.
Sec. 40-51. Issue of receipt for goods not received. A warehouseman, or any
officer, agent or servant of a warehouseman, who issues or aids in issuing a receipt
knowing that the goods for which such receipt is issued have not been actually received
by such warehouseman, or are not under his actual control at the time of issuing such
receipt, shall, for each offense, be fined not more than five thousand dollars or imprisoned not more than five years or both.
(1949 Rev., S. 6535.)
"Field storage warehousing" valid under New York law. 90 C. 415.