California · Penal Code
PEN §581: Every person mentioned in this chapter, who sells, hypothecates, or pledges any merchandise for which any bill of lading, receipt, or voucher has been issued by him or her, without the consent in writ
What this law says, in plain English
A person who sells, pledges, or hypothecates merchandise covered by a bill of lading, receipt, or voucher without written consent of the holder commits an offense punishable by imprisonment and/or a fine up to $1,000.
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