12A:7-401. Irregularities in issue of receipt or bill or conduct of issuer.
12A:7-401. 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:
a.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;
b.The issuer violated laws regulating the conduct of its business;
c.The goods covered by the document were owned by the bailee when the document was issued; or
d.The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.
L.2013, c.65, s.2.
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Last modified: October 11, 2016