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11 §7-1401. Irregularities in issue of receipt or bill or conduct of issuer

11 ME Rev Stat § 7-1401 (2019) (N/A)
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§7-1401. 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 even if:   [PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]

(1).  The document does not comply with the requirements of this Article or of any other statute, rule or regulation regarding its issuance, form or content;

[PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]

(2).  The issuer violated laws regulating the conduct of its business;

[PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]

(3).  The goods covered by the document were owned by the bailee when the document was issued; or

[PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]

(4).  The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.

[PL 2009, c. 324, Pt. A, §2 (NEW); PL 2009, c. 324, Pt. A, §4 (AFF).]

SECTION HISTORY

PL 2009, c. 324, Pt. A, §2 (NEW). PL 2009, c. 324, Pt. A, §4 (AFF).

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11 §7-1402. Duplicate document of title; overissue