Title 11, Chapter 7, Section 401
( 11-7-401)
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. |