§ 18-305. Delivery of goods without obtaining negotiable warehouse receipt

Latest version.

   Except as provided by § 7-601 of this article, a warehouseman or his officer, agent, or employee may not deliver goods out of the possession of the warehouseman:

   (1) With knowledge that a negotiable warehouse receipt, the negotiation of which would transfer the right to the possession of the goods, is outstanding and uncancelled; and

   (2) Without obtaining the possession of the warehouse receipt at or before the time of the delivery.

HISTORY: An. Code 1957, art. 14A, § 54; 1975, ch. 49, § 3.

                    
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