Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 7 - Documents of Title, 55-7-101 through 55-7-807. > Section 55-7-201 - Person that may issue a warehouse receipt; storage under bond.

Section 55-7-201 - Person that may issue a warehouse receipt; storage under bond.

55-7-201. Person that may issue a warehouse receipt; storage under bond.

(a)     A warehouse receipt may be issued by any warehouse. 

(b)     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 deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.