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:
(1) the document does not comply with the requirements of this article or of any other statute, rule, or regulation regarding its issue, 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 at the time the document was issued; or
(4) the person issuing the document is not a warehouse but the document purports to be a warehouse receipt.
Added by Laws 1961, p. 147, § 7-401. Amended by Laws 2005, c. 140, § 24, eff. Jan. 1, 2006.
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