70A-7a-201. Person that may issue a warehouse receipt -- Storage under bond.
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70A-7a-201. Person that may issue a warehouse receipt -- Storage under bond.
(1)A warehouse receipt may be issued by any warehouse.
(2)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 considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
Enacted by Chapter 42 , 2006 General Session