§ 26-3-4-3 — Transfer of documents evidencing interest in goods under foreign warehouse receipt; form and contents; prohibition; exceptions

It shall be unlawful for any corporation, firm,
limited liability company, or person, their agents or employees, to
issue, sign, sell, pledge, assign or transfer, in this state, any receipt,
certificate or other written instrument evidencing, or purporting to
evidence, the sale, pledge, mortgage, or bailment of any 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 plainly
designate the number and location of such warehouse, and shall also
set forth therein a full, true and complete copy of the receipt issued by
the warehouseman operating such warehouse wherein such goods,
wares, or merchandise are stored or deposited, or are claimed to be
stored or deposited; however, the provisions of this section shall not
apply to the issue, signing, sale, pledge, assignment, or transfer of bona
fide warehouse receipt issued by the warehouseman operating public
or bonded warehouses in other states according to the laws of the state
wherein such warehouses may be located.
Formerly: Acts 1897, c.124, s.3. As amended by P.L.8-1993,
SEC.407.