Me. Stat. tit. 11 § 7-1401

Current through 131st (2023-2024) Legislature Chapter 684

Section 7-1401 - Irregularities in issue of receipt or bill or conduct of issuer

The obligations imposed by this Article on an issuer apply to a document of title even if: [2009, c. 324, Pt. A, §2(NEW); 2009, c. 324, Pt. A, §4(AFF).]

(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;

[2009, c. 324, Pt. A, §2(NEW); 2009, c. 324, Pt. A, §4(AFF).]

(2). The issuer violated laws regulating the conduct of its business;

[2009, c. 324, Pt. A, §2(NEW); 2009, c. 324, Pt. A, §4(AFF).]

(3). The goods covered by the document were owned by the bailee when the document was issued; or

[2009, c. 324, Pt. A, §2(NEW); 2009, c. 324, Pt. A, §4(AFF).]

(4). The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.

[2009, c. 324, Pt. A, §2(NEW); 2009, c. 324, Pt. A, §4(AFF).]

11 M.R.S. § 7-1401

2009, c. 324, Pt. A, §2 (NEW) . 2009, c. 324, Pt. A, §4 (AFF) .