Maryland · Maryland Code — Criminal Law Article
Md. Code, Crim. Law § 7-115: (a) While a contract of pledge or hypothecation is in effect, a person may not, without the consent of the pledgor, repledge or rehypothecate a security, the title to which passes by delivery or endorsement received or held by the person as guaranty for money lent or advanced to the owner or holder
Misdemeanor
What this law says, in plain English
A person commits a misdemeanor by repledging or rehypothecating a security without the pledgor's consent while a pledge contract is in effect.
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