§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:
[PL 2009, c. 324, Pt. A, §2 (NEW); PL 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;
[PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]
(2).
The issuer violated laws regulating the conduct of its business;
[PL 2009, c. 324, Pt. A, §2 (NEW); PL 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
[PL 2009, c. 324, Pt. A, §2 (NEW); PL 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.
[PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 2009, c. 324, Pt. A, §2 (NEW). PL 2009, c. 324, Pt. A, §4 (AFF).