Indiana § 26-3-2-5 Delivery of goods without canceling outstanding receipt

Indiana Statutes

§ 26-3-2-5 — Delivery of goods without canceling outstanding receipt

Indiana·Title 26 COMMERCIAL LAW·Art. 3 WAREHOUSES·Ch. 2 Uniform Warehouse Receipts Act

A warehouseman, or any officer, agent, or
servant of a warehouseman, who delivers goods out of the possession
of the warehouseman, knowing that a negotiable receipt, the
negotiation of which would transfer the right to the possession of the
goods, is outstanding and uncanceled, without obtaining the possession
of the receipt at or before the time of delivery, commits a Class A
misdemeanor.
Formerly: Acts 1921, c.100, s.54. As amended by Acts 1978,
P.L.2, SEC.2605.

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A warehouseman, or any officer, agent, or
servant of a warehouseman, who delivers goods out of the possession
of the warehouseman, knowing that a negotiable receipt, the
negotiation of which would transfer the right to the possession of the
goods, is outstanding and uncanceled, without obtaining the possession
of the receipt at or before the time of delivery, commits a Class A
misdemeanor.
Formerly: Acts 1921, c.100, s.54. As amended by Acts 1978,
P.L.2, SEC.2605.

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