7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer.

NY UCC § 7-401 (2019) (N/A)
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(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;

(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.