N.Y. U.C.C. Law § 7-201

Current through 2024 NY Law Chapter 457
Section 7-201 - Person that may issue a warehouse receipt; storage under bond
(a) A warehouse receipt may be issued by any warehouse.
(b) 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 deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.

N.Y. U.c.c. Law § 7-201

Added by New York Laws 2014, ch. 505,Sec. 23, eff. 12/17/2014.