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Home » US Law » 2022 Maryland Statutes » Commercial Law » Title 7 - Documents of Title » Subtitle 4 - Warehouse Receipts and Bills of Lading: General Obligations

Section 7-401 – Irregularities in Issue of Receipt or Bill or Conduct of Issuer

    The obligations imposed by this title on an issuer apply to a document of title even if:         (1)    The document does not comply with the requirements of this title or of any other statute, rule, or regulation regarding its issuance, form, or content;         (2)    The issuer violated laws regulating the conduct of its business;         (3)    The goods covered […]

Section 7-402 – Duplicate Receipt or Bill; Overissue

    A duplicate or any other document of title purporting to cover goods already represented by an outstanding document of the same issuer does not confer any right in the goods, except as provided in the case of tangible bills of lading in a set of parts, overissue of documents for fungible goods, substitutes for lost, […]

Section 7-403 – Obligation of Bailee to Deliver; Excuse

    (a)    A bailee shall deliver the goods to a person entitled under a document of title if the person complies with subsections (b) and (c), unless and to the extent that the bailee establishes any of the following:         (1)    Delivery of the goods to a person whose receipt was rightful as against the claimant;         (2)    Damage to or […]

Section 7-404 – No Liability for Good Faith Delivery Pursuant to Receipt or Bill

    A bailee that in good faith has received goods and delivered or otherwise disposed of the goods according to the terms of a document of title or pursuant to this title is not liable for the goods even if:         (1)    The person from which the bailee received the goods did not have authority to procure the […]