1307.06 Who may issue a warehouse receipt - storage under government bond - UCC 7-201.
1307.06 Who may issue a warehouse receipt - storage under government bond - UCC 7-201.
(A) A warehouse receipt may be issued by any warehouseman.
(B) Where goods including distilled spirits and agricultural commodities are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods has like effect as a warehouse receipt even though issued by a person who is the owner of the goods and is not a warehouseman.
Effective Date: 07-01-1962