49-43-14. Issuance of new receipts--Cancellation of old receipts.
78 words·~1 min read·
/sd/title-49/chapter-49-43/49-43-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon the payment of all the accrued charges and the return of the storage receipt, a public warehouseman shall, if requested by the holder of an outstanding storage receipt, issue a new storage receipt to such holder and cancel the former receipt by endorsing thereon the words, "Canceled by the issuance of storage receipt No. ________," and inserting the number of the new storage receipt. The canceled storage receipt shall be signed by the warehouseman and the holder.