§ 4.1-58-18 — Warehouse receipt - Contents and provisions

North Dakota § 4.1-58-18

• Jurisdiction: North Dakota
• Title 4.1: Agriculture
• Ch. 4.1-58: Grain and Seed Warehouses

Text

A warehouseman shall provide a warehouse receipt that must:
1. Be issued only upon the actual delivery of grain to the warehouse for storage.
2. Contain the following provisions:
a. The place and date the grain was received;
b. The name and address of the owner of the grain;
c. The kind and grade of the grain according to the official standards established by
the secretary of agriculture of the United States, except that receipts issued for
dry edible beans must reference, in lieu of a grade designation, the number of the
scale tickets containing a description of the beans, including the percentage of
foreign material, splits, check seed coats, total pick, and moisture; and
d. The gross weight, dockage, and net weight of the grain according to this state's
standard weight.
3. Be numbered consecutively, and no two receipts bearing the same number and series
may be issued during the same year.
4. Not be altered by any warehouseman by the insertion in the receipt of any language
limiting or modifying its liability as imposed by the law.
5. Contain, either on its face or reverse side, the warehouse and storage contract
provided for in section 4.1-58-19.
6. Have printed upon the receipt the following words: "All storage contracts on grain in
store at public grain warehouses terminate on _________, as identified in the
publication required by section 4.1-58-19. If storage charges and warehouseman's
advances remain unpaid at the time of termination, the warehouseman may sell a
sufficient amount of grain to pay the charges and advances. The receiptholder shall
surrender the receipt to the issuing warehouseman for settlement."