Sec. 42a-7-401. Irregularities in issue of receipt or bill or conduct of issuer.
Sec. 42a-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 issue, 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.
(1959, P.A. 133, S. 7-401; P.A. 04-64, S. 25.)
History: P.A. 04-64 amended section to adopt the 2003 Revision of Uniform Commercial Code Article 7-Documents
of Title.