§ 7-401. 7-401
91 words·~1 min read·
/us/ucc/a7/s7-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The obligations imposed by this article on an issuer apply to a document of title even if:
(1)the document does not comply with the requirements of this article or of any other statute, rule, or regulation regarding its issue, form, or content;
(2)the issuer violated laws regulating the conduct of its business;
(3)the goods covered by the document were owned by the bailee when the document was issued; or
(4)the person issuing the document is not a warehouse but the document purports to be a warehouse receipt.