North Dakota § 4.1-58-27 Bailment not a sale

North Dakota Statutes

§ 4.1-58-27 — Bailment not a sale

North Dakota·Title 4.1 Agriculture·Ch. 4.1-58 Grain and Seed Warehouses

When grain is delivered to any public warehouse and an unconverted scale ticket or a
warehouse receipt is issued, the delivery is a bailment and not a sale of the grain delivered. The
grain delivered may not be liable to seizure upon process of a court in an action against the
bailee, except in an action by an owner of the unconverted scale ticket or warehouse receipt to
enforce the terms of the delivery or obtain redelivery of the delivered grain. In the event of the
failure or insolvency of the warehouseman, all the grain in the warehouse, whether the grain is
stored or not, first must be applied at all times to the satisfaction of receipts issued by the
warehouseman.

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When grain is delivered to any public warehouse and an unconverted scale ticket or a
warehouse receipt is issued, the delivery is a bailment and not a sale of the grain delivered. The
grain delivered may not be liable to seizure upon process of a court in an action against the
bailee, except in an action by an owner of the unconverted scale ticket or warehouse receipt to
enforce the terms of the delivery or obtain redelivery of the delivered grain. In the event of the
failure or insolvency of the warehouseman, all the grain in the warehouse, whether the grain is
stored or not, first must be applied at all times to the satisfaction of receipts issued by the
warehouseman.

North Dakota § 4.1-58-27 (Bailment not a sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.