Irregularities in issue of receipt or bill or conduct of issuer. The obligations imposed by this article on an issuer apply to a document of title regardless of the fact that:
1. The document may not comply with the requirements of this article or of any other law or regulation regarding its issue, form or content; or
2. The issuer may have violated laws regulating the conduct of his business; or
3. The goods covered by the document were owned by the bailee at the time the document was issued; or
4. The person issuing the document does not come within the definition of warehouseman if it purports to be a warehouse receipt.
Last modified: February 27, 2006