South Carolina Statutes
§ 36-7-509 — Adequate compliance with commercial contract.
South Carolina·Title 36 COMMERCIAL CODE·Ch. 7 COMMERCIAL CODE—WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE
Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by the chapters on sales (Chapter 2), leases (Chapter 2A), and on letters of credit (Chapter 5).
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Legislative History
HISTORY: 1962 Code SECTION 10.7-509; 1966 (54) 2716; 2014 Act No. 213 (S.343), SECTION 2, eff October 1, 2014. OFFICIAL COMMENT Prior Uniform Statutory Provision: Former Section 7-509. Changes: To reference Article 2A. Purposes: To cross-refer to the Articles of this Act which deal with the substantive issues of the type of document of title required under the contract entered into by the parties. Cross References: Articles 2, 2A and 5. Definitional Cross References: "Contract for sale". Section 2-106. "Document of title". Section 1-201. "Lease". Section 2A-103. Editor's Note 2014 Act No. 213, SECTION 51, provides as follows: "SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date." Part 6 Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
Nearby Sections
15
§ 36-7-101
Short title.§ 36-7-102
Definitions and index of definitions.§ 36-7-104
Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title.§ 36-7-105
Reissuance in alternative medium.§ 36-7-106
Control of electronic document of title.§ 36-7-208
Altered warehouse receipts.§ 36-7-209
Lien of warehouse.