Section 560 Of Chapter 12.5. Crimes Involving Bailments From California Penal Code >> Title 13. >> Part 1. >> Chapter 12.5.
560
. Any bailee, as defined in Section 7102 of the Uniform
Commercial Code, who issues or aids in issuing a document of title,
or any person who secures the issue by a bailee of a document of
title, or any person who negotiates or transfers for value a document
of title knowing that the goods for which that document is issued
have not been actually received by that bailee or are not under his
or her control at the time of issuing that receipt shall be guilty of
a crime and upon conviction shall be punished for each offense by
imprisonment pursuant to subdivision (h) of Section 1170 or by a fine
not exceeding ten thousand dollars ($10,000) or by both that fine
and imprisonment.