§ 7-401. Irregularities in issue of receipt or bill or conduct of issuer

Latest version.

   The obligations imposed by this title on an issuer apply to a document of title even if:

   (1) The document does not comply with the requirements of this title or of any other statute, rule, or regulation regarding its issuance, form, or content;

   (2) The issuer violated laws regulating the conduct of its business;

   (3) The goods covered by the document were owned by the bailee when the document was issued; or

   (4) The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.

HISTORY: 2004, ch. 95, § 2.

                    
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