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U.C.C. - ARTICLE 7 - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE
..PART 4. WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS

§ 7-401. 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

  • (a) 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
  • (b) the issuer may have violated laws regulating the conduct of his business; or
  • (c) the goods covered by the document were owned by the bailee at the time the document was issued; or
  • (d) the person issuing the document does not come within the definition of warehouseman if it purports to be a warehouse receipt.
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© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.