New York General Business Law Section 102 - Negotiation of bill of lading when goods are not in common carrier's possession.

  102.  Negotiation  of  bill  of lading when goods are not in common
  carrier's possession.  Any person who with intent to deceive  negotiates
  or  transfers  for value a bill of lading knowing that any or all of the
  goods which by the terms of such bill of  lading  appear  to  have  been
  received  for transportation by the common carrier which issued the bill
  of lading, are not in possession or control of such common  carrier,  or
  of  a  connecting common carrier, without disclosing this fact, shall be
  guilty of a misdemeanor.

Last modified: February 3, 2019