Declaration of Policy.
Section 2
SEC. 2. Declaration of Policy. — It is hereby declared to be the policy of the State (a) to encourage and promote the use of the trust receipts as an additional and convenient aid to commerce and trade; (b) to provide for the regulation of trust receipt transactions in order to assure the protection of the rights and the enforcement of obligations of the parties involved therein; and (c) to declare the misuse and/or misappropriation of goods or proceeds realized from the sale of goods, documents or instruments released under trust receipts as a criminal offense punishable under Article Three Hundred and Fifteen of the Revised Penal Code.