A warehouseman conducting a warehouse licensed under §§ 341—371 of this title, in the absence of some lawful excuse, shall, without unnecessary delay, deliver the agricultural products stored therein upon a demand made either by the holder of a receipt for such agricultural products or by the depositor thereof, if such demand be accompanied by:
(a) An offer to satisfy the warehouseman’s lien;
(b) an offer to surrender the receipt, if negotiable, with such endorsement as would be necessary for the negotiation of the receipt, and
(c) a readiness and willingness to sign, when the products are delivered, an acknowledgment that they have been delivered, if such signature is requested by the warehouseman.
History —June 20, 1925, No. 36, p. 220, § 20, eff. 90 days after June 20, 1925.