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This entry was published on 2014-12-26
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SECTION 7-201
Person That May Issue a Warehouse Receipt; Storage Under Bond
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 2
Section 7--201. Person That May Issue a Warehouse Receipt; Storage Under

Bond.

(a) A warehouse receipt may be issued by any warehouse.

(b) If goods, including distilled spirits and agricultural
commodities, are stored under a statute requiring a bond against
withdrawal or a license for the issuance of receipts in the nature of
warehouse receipts, a receipt issued for the goods is deemed to be a
warehouse receipt even if issued by a person that is the owner of the
goods and is not a warehouse.