30-7-201. Person that may issue a warehouse receipt -- storage under government bond.
30-7-201. Person that may issue a warehouse receipt -- storage under government bond. (1) A warehouse receipt may be issued by any warehouse.
(2) If 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 is considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
History: En. Sec. 7-201, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-201; amd. Sec. 40, Ch. 575, L. 2005.