Section 810 ILCS 5/7-401 - Irregularities in issue of receipt or bill or conduct of issuerThe obligations imposed by this Article on an issuer apply to a document of title even if:
(1) the document does not comply with the requirements of this Article 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. Amended by P.A. 095-0895,§ 10, eff. 1/1/2009.