Title 70A Chapter 7a Section 401

Uniform Commercial Code
Uniform Commercial Code - Documents of Title
Section 401
Irregularities in issue of receipt or bill or conduct of issuer.

            

70A-7a-401.   Irregularities in issue of receipt or bill or conduct of issuer.

            The obligations imposed by this chapter on an issuer apply to a document of title even if:

            (1) the document does not comply with the requirements of this chapter or of any other statute, rule, or regulation regarding its issuance, 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.


Enacted by Chapter 42, 2006 General Session