Montana Statutes

§ 30-7-201 — Person That May Issue A Warehouse Receipt -- Storage Under Government Bond

Montana·Title 30 TRADE AND COMMERCE·Ch. 7 UNIFORM COMMERCIAL CODE -- WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE·Part 2 Warehouse Receipts -- Special Provisions

30-7-201 . Person that may issue a warehouse receipt -- storage under government bond.

(1)A warehouse receipt may be issued by any warehouse.
(2)If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.

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Legislative History

En. Sec. 7-201, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-201; amd. Sec. 40, Ch. 575, L. 2005.

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