Michigan § 444.10 Warehouse receipts; issuance as security for loans or debts.

Michigan Statutes

§ 444.10 — Warehouse receipts; issuance as security for loans or debts.

Michigan § 444.10

Ch. 444WAREHOUSES

Act 220 of 1895WAREHOUSEMEN AND WAREHOUSE RECEIPTS (444.1-444.27)

This text of Michigan § 444.10 (Warehouse receipts; issuance as security for loans or debts.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 444.10 (2026).

Text

WAREHOUSEMEN AND WAREHOUSE RECEIPTS (EXCERPT) Act 220 of 1895 444.10 Warehouse receipts; issuance as security for loans or debts. Sec.

10.No warehouseman shall issue any receipt or voucher for any personal property to any person, persons or corporation as security for any money loaned or for other indebtedness or indemnity, unless such property so receipted for shall be, at the time of issuing such receipt or voucher, the property, without encumbrance, of said warehouseman, and shall be actually in store and under the control of said warehouseman at the time of giving such receipt or voucher, and if such property be encumbered by prior lien, then the character, extent and amount of that lien shall be fully set forth and explained in the receipt.

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WAREHOUSEMEN AND WAREHOUSE RECEIPTS (EXCERPT) Act 220 of 1895 444.10 Warehouse receipts; issuance as security for loans or debts. Sec. 10. No warehouseman shall issue any receipt or voucher for any personal property to any person, persons or corporation as security for any money loaned or for other indebtedness or indemnity, unless such property so receipted for shall be, at the time of issuing such receipt or voucher, the property, without encumbrance, of said warehouseman, and shall be actually in store and under the control of said warehouseman at the time of giving such receipt or voucher, and if such property be encumbered by prior lien, then the character, extent and amount of that lien shall be fully set forth and explained in the receipt.