§ 12A-7-401. Irregularities in issue of receipt or bill or conduct of issuer.  


Latest version.
  • Irregularities in Issue of Receipt or Bill or Conduct of Issuer.

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

    (1)  the document does not comply with the requirements of this article or of any other statute, rule, or regulation regarding its issue, 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 at the time the document was issued; or

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

Added by Laws 1961, p. 147, § 7-401.  Amended by Laws 2005, c. 140, § 24, eff. Jan. 1, 2006.