{"data":{"id":"us-md/md.-code-commercial-law-11-803","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 11–803","heading":"","body":"(a) Except as provided by subsection (b) of this section, a consignee entrusted with and in possession of a possessory document is considered the true owner of the goods described in the document for the purpose of any contract with a third person for:\n(1) The sale or disposal of the goods; or\n(2) The pledge or deposit of them as security for any money or negotiable instrument advanced or given on the faith of the possessory document.\n(b) A contract, pledge, or deposit described in subsection (a) of this section is not valid if the third person has notice that the consignee is not the true owner of the goods.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=11-803","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"15fc379528d9cbe9b5f2415e184f6c9bb2ee3d10b885752710b2512611b98e68","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-11-802","next":"us-md/md.-code-commercial-law-11-804"},"notice":"GroundRules: Original legal text. Not legal advice."}