Sec. 40-55. Delivery of goods without obtaining negotiable receipt.
117 words·~1 min read·
/ct/title-40/chapter-708-uniform-warehouse-receipts-act/40-55·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A warehouseman, or any officer, agent or servant of a warehouseman, who delivers goods out of the possession of such warehouseman, knowing that a negotiable receipt the negotiation of which would transfer the right to the possession of such goods is outstanding and uncancelled, without obtaining the possession of such receipt at or before the time of such delivery, shall, except in the cases provided for in subsection
(a)of section 42a-7-601 , or in case of good faith delivery upon the posting of security as provided in subsection
(b)of said section, or after compliance with section 42a-7-210 , be fined not more than one thousand dollars or imprisoned not more than one year or both.