N.Y. UCC Law § 7-401
This is the official text of N.Y. UCC Law § 7-401, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Irregularities in Issue of Receipt or Bill or Conduct of Issuer
Official statutory text
Section 7--401. Irregularities in Issue of Receipt or Bill or Conduct of\n Issuer.\n The obligations imposed by this article on an issuer apply to a\ndocument of title even if:\n (1) the document does not comply with the requirements of this article\nor of any other statute, rule, or regulation regarding its issuance,\nform, or content;\n (2) the issuer violated laws regulating the conduct of its business;\n (3) the goods covered by the document were owned by the bailee when\nthe document was issued; or\n (4) the person issuing the document is not a warehouse but the\ndocument purports to be a warehouse receipt.\n
Status: in_force · Read it on the official government site
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