11 §7-1401. Irregularities in issue of receipt or bill or conduct of issuer
Title 11: UNIFORM COMMERCIAL CODE
Article 7-A: DOCUMENTS OF TITLE
Part 4: WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS
§7-1401. 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: [2009, c. 324, Pt. A, §2 (NEW); 2009, c. 324, Pt. A, §4 (AFF).]
(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;
[ 2009, c. 324, Pt. A, §2 (NEW); 2009, c. 324, Pt. A, §4 (AFF) .]
(2). The issuer violated laws regulating the conduct of its business;
[ 2009, c. 324, Pt. A, §2 (NEW); 2009, c. 324, Pt. A, §4 (AFF) .]
(3). The goods covered by the document were owned by the bailee when the document was issued; or
[ 2009, c. 324, Pt. A, §2 (NEW); 2009, c. 324, Pt. A, §4 (AFF) .]
(4). The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.
[ 2009, c. 324, Pt. A, §2 (NEW); 2009, c. 324, Pt. A, §4 (AFF) .]
SECTION HISTORY
2009, c. 324, Pt. A, §2 (NEW). 2009, c. 324, Pt. A, §4 (AFF).