CHAPTER 4. ILLEGAL ISSUANCE OF RECEIPTS
IC 26-3-4
Chapter 4. Illegal Issuance of Receipts
IC 26-3-4-1
Transfer of purported warehouse receipt not issued by
warehouseman
Sec. 1. It shall be unlawful for any corporation, firm, limited
liability company, or person, their agents or employees, to issue, sell,
pledge, assign, or transfer, in this state, any receipt, certificate or
other written instrument purporting to be a warehouse receipt, or in
the similitude of a warehouse receipt, or designed to be understood
as a warehouse receipt, for goods, wares or merchandise stored or
deposited, or claimed to be stored or deposited, in any warehouse,
public or private, in any other state, unless such receipt, certificate
or other written instrument shall have been issued by the
warehouseman operating such warehouse.
(Formerly: Acts 1897, c.124, s.1.) As amended by P.L.8-1993,
SEC.405.
IC 26-3-4-2
Transfer of purported warehouse receipt with knowledge of
nonexistence of warehouse or nonexistence of goods
Sec. 2. It shall be unlawful for any corporation, firm, limited
liability company, or person, their agents or employees, to issue, sell,
pledge, assign or transfer, in this state, any receipt, certificate or
other written instrument for goods, wares or merchandise claimed to
be stored or deposited in any warehouse, public or private, in any
other state, knowing that there is no such warehouse located at the
place named in such receipt, certificate or other written instrument,
or if there be a warehouse at such place, knowing that there are no
goods, wares or merchandise stored or deposited therein as specified
in such report, certificate or other written instrument.
(Formerly: Acts 1897, c.124, s.2.) As amended by P.L.8-1993,
SEC.406.
IC 26-3-4-3
Transfer of documents evidencing interest in goods under foreign
warehouse receipt; form and contents; prohibition; exceptions
Sec. 3. It shall be unlawful for any corporation, firm, limited
liability company, or person, their agents or employees, to issue,
sign, sell, pledge, assign or transfer, in this state, any receipt,
certificate or other written instrument evidencing, or purporting to
evidence, the sale, pledge, mortgage, or bailment of any goods, wares
or merchandise stored or deposited, or claimed to be stored or
deposited, in any warehouse, public or private, in any other state,
unless such receipt, certificate or other written instrument shall
plainly designate the number and location of such warehouse, and
shall also set forth therein a full, true and complete copy of the
receipt issued by the warehouseman operating such warehouse
wherein such goods, wares, or merchandise are stored or deposited,
or are claimed to be stored or deposited; however, the provisions of
this section shall not apply to the issue, signing, sale, pledge,
assignment, or transfer of bona fide warehouse receipt issued by the
warehouseman operating public or bonded warehouses in other states
according to the laws of the state wherein such warehouses may be
located.
(Formerly: Acts 1897, c.124, s.3.) As amended by P.L.8-1993,
SEC.407.
IC 26-3-4-4
Violations
Sec. 4. A person who knowingly violates this chapter commits a
Class A misdemeanor.
(Formerly: Acts 1897, c.124, s.4.) As amended by Acts 1978, P.L.2,
SEC.2606.