336.7-201 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-201 PERSON THAT MAY ISSUE A WAREHOUSE RECEIPT; STORAGE UNDER BOND.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 […]
336.7-202 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-202 FORM OF WAREHOUSE RECEIPT; EFFECT OF OMISSION. (a) A warehouse receipt need not be in any particular form. (b) Unless a warehouse receipt provides for each of the following, the warehouse is liable for damages caused to a person injured by its omission: […]
336.7-203 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-203 LIABILITY FOR NONRECEIPT OR MISDESCRIPTION. A party to or purchaser for value in good faith of a document of title, other than a bill of lading, that relies upon the description of the goods in the document may recover from the issuer damages […]
336.7-204 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-204 DUTY OF CARE; CONTRACTUAL LIMITATION OF WAREHOUSE’S LIABILITY. (a) A warehouse is liable for damages for loss of or injury to the goods caused by its failure to exercise care with regard to the goods that a reasonably careful person would exercise under […]
336.7-205 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-205 TITLE UNDER WAREHOUSE RECEIPT DEFEATED IN CERTAIN CASES. A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim […]
336.7-206 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-206 TERMINATION OF STORAGE AT WAREHOUSE’S OPTION. (a) A warehouse, by giving notice to the person on whose account the goods are held and any other person known to claim an interest in the goods, may require payment of any charges and removal of […]
336.7-207 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-207 GOODS MUST BE KEPT SEPARATE; FUNGIBLE GOODS. (a) Unless the warehouse receipt provides otherwise, a warehouse shall keep separate the goods covered by each receipt so as to permit at all times identification and delivery of those goods. However, different lots of fungible […]
336.7-208 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-208 ALTERED WAREHOUSE RECEIPTS. If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves […]
336.7-209 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-209 LIEN OF WAREHOUSE. (a) A warehouse has a lien against the bailor on the goods covered by a warehouse receipt or storage agreement or on the proceeds thereof in its possession for charges for storage or transportation, including demurrage and terminal charges, insurance, […]
336.7-210 MS 2002 [Repealed, 2004 c 162 art 4 s 43] 336.7-210 ENFORCEMENT OF WAREHOUSE’S LIEN. (a) Except as otherwise provided in subsection (b), a warehouse’s lien may be enforced by public or private sale of the goods, in bulk or in packages, at any time or place and on any terms that are commercially […]
