§ 26-3-4-1 — Transfer of purported warehouse receipt not issued by warehouseman

It shall be unlawful for any corporation, firm,
limited liability company, or person, their agents or employees, to
issue, sell, pledge, assign, or transfer, in this state, any receipt,
certificate or other written instrument purporting to be a warehouse
receipt, or in the similitude of a warehouse receipt, or designed to be
understood as a warehouse receipt, for goods, wares or merchandise
stored or deposited, or claimed to be stored or deposited, in any
warehouse, public or private, in any other state, unless such receipt,
certificate or other written instrument shall have been issued by the
warehouseman operating such warehouse.
Formerly: Acts 1897, c.124, s.1. As amended by P.L.8-1993,
SEC.405.