Okla. Stat. tit. 12A § 7-208

Current through Laws 2024, c. 453.

Section 7-208 - Altered warehouse receipts

If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good-faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor.

Okla. Stat. tit. 12A, § 7-208

Laws 1961, p. 143, § 7-208; Amended by Laws 2005 , HB 2035, c. 140, § 13, eff. 1/1/2006.

Oklahoma Code Comment

Prior Statutory Provisions:

2 O.S. § 9-72.

Text and derivation of prior provisions, see Appendix at end of this title.

Comment:

Former 2 O.S. § 9-72 has been simplified but with no change in substance. The previous law then drew a distinction between fraudulent and non-fraudulent alteration, but provided that the carrier must deliver the goods according to the original tenor of the receipt even though the alteration was fraudulent. The Commercial Code omits this irrelevant distinction.