Iowa Code § 554.7208

Current through bills signed by governor as of 4/19/2024

Section 554.7208 - Altered warehouse receipts

If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good-faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor.

S13, §3138-a13; C24, 27, 31, 35, 39, §9673; C46, 50, 54, 58, 62, § 542.13; C66, 71, 73, 75, 77, 79, 81, § 554.7208 2007 Acts, ch 30, §14, 45, 46