Code · North Carolina · Chapter 25 — Uniform Commercial Code

Part 2.

108 words·~1 min read·/nc/chapter-25/2-9

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Part 2. Warehouse Receipts: Special Provisions.

§ 25-7-201. Person that may issue a warehouse receipt; storage under bond.

(a)A warehouse receipt may be issued by any warehouse.

(b)If goods, including distilled spirits and agricultural commodities, 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 deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse. (1917, c. 37, s. 1; C.S., s. 4041; 1965, c. 700, s. 1; 2006-112, s. 25.)