§ 7-205. Title under warehouse receipt defeated in certain cases
A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman who is also in the business of buying and selling such goods takes free of any claim under a warehouse receipt even though it has been duly negotiated.
§ 7-206. Termination of storage at warehouseman’s option
(1) A warehouseman may on notifying the person on whose account the goods are held and any other person known to claim an interest in the goods require payment of any charges and removal of the goods from the warehouse at the termination of the period of storage fixed by the document, or, if no […]
§ 7-207. Goods must be kept separate; fungible goods
(1) Unless the warehouse receipt otherwise provides, a warehouseman must keep separate the goods covered by each receipt so as to permit at all times identification and delivery of those goods except that different lots of fungible goods may be commingled. (2) Fungible goods so commingled are owned in common by the persons entitled thereto […]
§ 7-104. Negotiable and non-negotiable warehouse receipt, bill of lading or other document of title
(1) A warehouse receipt, bill of lading or other document of title is negotiable (a) if by its terms the goods are to be delivered to bearer or to the order of a named person; or (b) where recognized in overseas trade, if it runs to a named person or assigns. (2) Any other document […]
§ 7-105. Construction against negative implication
The omission from either part 2 or part 3 of this article of a provision corresponding to a provision made in the other part does not imply that a corresponding rule of law is not applicable.
§ 7-201. Who may issue a warehouse receipt; storage under government bond
(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 […]
§ 7-202. Form of warehouse receipt; essential terms; optional terms
(1) A warehouse receipt need not be in any particular form. (2) Unless a warehouse receipt embodies within its written or printed terms each of the following, the warehouseman is liable for damages caused by the omission to a person injured thereby: (a) the location of the warehouse where the goods are stored; (b) the […]
§ 7-103. Relation of article to treaty, statute, tariff, classification or regulation
To the extent that any treaty or statute of the United States, regulatory statute of this state or tariff, classification or regulation filed or issued pursuant thereto is applicable, the provisions of this Article are subject thereto.
§ 7-101. Short title
This article shall be known and may be cited as Uniform Commercial Code-Documents of Title.
§ 7-102. Definitions and index of definitions
(1) In this article, unless the context otherwise requires: (a) “Bailee” means the person who by a warehouse receipt, bill of lading or other document of title acknowledges possession of goods and contracts to deliver them. (b) “Consignee” means the person named in a bill to whom or to whose order the bill promises delivery. […]