Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 7. WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE |
Part 2. WAREHOUSE RECEIPTS: SPECIAL PROVISIONS |
Section 7--201. Who May Issue a Warehouse Receipt; Storage Under Government Bond
Latest version.
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(1) A warehouse receipt may be issued by any warehouseman. (2) Where 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 has like effect as a warehouse receipt even though issued by a person who is the owner of the goods and is not a warehouseman.