Section 26-1-7-401 - Irregularities in issue of receipt or bill or conduct of issuerThe obligations imposed by this chapter on an issuer apply to a document of title even if:
(1) the document does not comply with the requirements of this chapter 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.(Formerly: Acts 1963, c.317, s.7-401.) As amended by P.L. 152-1986, SEC.254; P.L. 143-2007, SEC.48.