Indiana § 26-3-7-19 Receipt of grain; ownership of deposited grain

Indiana Statutes

§ 26-3-7-19 — Receipt of grain; ownership of deposited grain

Indiana § 26-3-7-19

Title 26COMMERCIAL LAW

Art. 3WAREHOUSES

Ch. 7Indiana Grain Buyers and Warehouse Licensing and

This text of Indiana § 26-3-7-19 (Receipt of grain; ownership of deposited grain) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-3-7-19 (2026).

Text

(a)A licensee shall issue a receipt or ticket for grain received. Grain received by a licensee shall be credited to the depositor on the books of the licensee within seven (7) days from the date of its delivery. If a ticket is issued on delivery of the grain for storage, a receipt shall be issued on demand, but no receipt shall be issued on grain bank grain.

(b)The licensee is a bailee with respect to all stored grain. The person whose name appears on a receipt or a ticket has title to the stored grain evidenced by the receipt or ticket. Formerly: Acts 1973, P.L.268, SEC.1. As amended by Acts 1979, P.L.249, SEC.14; Acts 1982, P.L.155, SEC.13; P.L.125-1997, SEC.41.

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(a) A licensee shall issue a receipt or ticket
for grain received. Grain received by a licensee shall be credited to the
depositor on the books of the licensee within seven (7) days from the
date of its delivery. If a ticket is issued on delivery of the grain for
storage, a receipt shall be issued on demand, but no receipt shall be
issued on grain bank grain.
(b) The licensee is a bailee with respect to all stored grain. The
person whose name appears on a receipt or a ticket has title to the
stored grain evidenced by the receipt or ticket.
Formerly: Acts 1973, P.L.268, SEC.1. As amended by Acts
1979, P.L.249, SEC.14; Acts 1982, P.L.155, SEC.13; P.L.125-1997,
SEC.41.