Alabama § 7-7-401 Irregularities in Issue of Receipt or Bill or Conduct of Issuer

Alabama Statutes

§ 7-7-401 — Irregularities in Issue of Receipt or Bill or Conduct of Issuer

Alabama·Title 7 Commercial Code·Art. 7 Warehouse Receipts, Bills of Lading and Other Documents of Title·Part 4 Warehouse Receipts and Bills of Lading: General Obligations

The obligations imposed by this article on an issuer apply to a document of title even if:

(1)The document does not comply with the requirements of this article 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 by the document were owned by the bailee when the document was issued; or

(4)The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.

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The obligations imposed by this article on an issuer apply to a document of title even if:
(1) The document does not comply with the requirements of this article 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 by the document were owned by the bailee when the document was issued; or
(4) The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.

Alabama § 7-7-401 (Irregularities in Issue of Receipt or Bill or Conduct of Issuer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Prior version of this section added by Acts 1965, No. 549, p. 811; repealed by Act 2004-315, p. 464, §1; current section added by Act 2004-315, p. 464, §1.)