California Law (Last Updated: March 4, 2014) |
Commercial Code - COM |
Division 7. DOCUMENTS OF TITLE |
Chapter 4. Warehouse Receipts and Bills of Lading: General Obligations |
Section 7401.
Latest version.
-
The obligations imposed by this division on an issuer apply to a document of title even if:
(1) the document does not comply with the requirements of this division or of any other statute, rule, or regulation regarding its issuance, 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.
(Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.)