Montana Statutes
§ 30-7-203 — Liability For Nonreceipt Or Misdescription
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
30-7-203 . Liability for nonreceipt or misdescription. A party to or purchaser for value in good faith of a document of title, other than a bill of lading, that relies upon the description of the goods in the document may recover from the issuer damages caused by the nonreceipt or misdescription of the goods, except to the extent that:
(1)the document conspicuously indicates that the issuer does not know whether all or part of the goods in fact were received or conform to the description, such as a case in which the description is in terms of marks or labels or kind, quantity, or condition, or the receipt or description is qualified by "contents, condition, and quality unknown", "said to contain", or words of similar import, if the indication is true; or
(2)the party or purchaser has not
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Legislative History
En. Sec. 7-203, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-203; amd. Sec. 42, Ch. 575, L. 2005.
Nearby Sections
15
§ 30-7-101
Short Title§ 30-7-102
Definitions And Index Of Definitions§ 30-7-103
Relation Of Chapter To Treaty Or Statute§ 30-7-105
Repealed§ 30-7-106
Reissuance In Alternative Medium§ 30-7-107
Control Of Electronic Document Of Title§ 30-7-202
Form Of Warehouse Receipt§ 30-7-208
Altered Warehouse Receipts