47-7-401 - Irregularities in issue of receipt or bill or conduct of issuer.

47-7-401. Irregularities in issue of receipt or bill or conduct of issuer.

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

     (1)  The document does not comply with the requirements of this chapter 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.

[Acts 2008, ch. 814, § 1.]