Effective - 28 Aug 2017, 2 histories
400.7-401. 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 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.
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(L. 1963 p. 503 § 7-401, A.L. 2017 H.B. 34)