TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 7

DOCUMENTS OF TITLE

PART 2.

WAREHOUSE RECEIPTS — SPECIAL PROVISIONS

28-7-201.  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.

History:

[28-7-201, added 2004, ch. 42, sec. 2, p. 83.]