440.7201 Warehouse receipt; issuance; storage under government bond.
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440.7201 Warehouse receipt; issuance; storage under government bond.
Sec. 7201.
(1)A warehouse receipt may be issued by any warehouse.
(2)If distilled spirits, agricultural commodities, or any other goods are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87 , Eff. July 1, 2013