407.206 Termination of storage at warehouse’s option.
189 words·~1 min read·
/wi/chapter-407/407-206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
407.206 Termination of storage at warehouse’s option.
(1)A warehouse, by giving notice to the person on whose account the goods are held and any other person known to claim an interest in the goods, may require payment of any charges and removal of the goods from the warehouse at the termination of the period of storage fixed by the document of title or, if a period is not fixed, within a stated period not less than 30 days after the warehouse gives notice. If the goods are not removed before the date specified in the notice, the warehouse may sell them pursuant to s. 407.210 .
(2)If a warehouse in good faith believes that goods are about to deteriorate or decline in value to less than the amount of its lien within the time provided in sub.
(1)and s. 407.210 , the warehouse may specify in the notice given under sub.
(1)any reasonable shorter time for removal of the goods and, if the goods are not removed, may sell them at public sale held not less than one week after a single advertisement or posting.