Missouri § 411.531 Failure to take up and cancel receipt — warehouseman liable — when.

Missouri Statutes

§ 411.531 — Failure to take up and cancel receipt — warehouseman liable — when.

Missouri § 411.531

Title XXVITRADE AND COMMERCE

Ch. 411Missouri Grain Warehouse Law

This text of Missouri § 411.531 (Failure to take up and cancel receipt — warehouseman liable — when.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 411.531 (2026).

Text

Except as provided, where a warehouseman delivers grain for which he had issued a negotiable receipt, the negotiation of which would transfer the right to the possession of the grain, and fails to take up and cancel the receipt, he shall be liable to anyone who purchases for value in good faith the receipt, for failure to deliver the grain to him whether the purchaser acquired title to the receipt before or after the delivery of the grain by the warehouseman.

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Except as provided, where a warehouseman delivers grain for which he had issued a negotiable receipt, the negotiation of which would transfer the right to the possession of the grain, and fails to take up and cancel the receipt, he shall be liable to anyone who purchases for value in good faith the receipt, for failure to deliver the grain to him whether the purchaser acquired title to the receipt before or after the delivery of the grain by the warehouseman.