Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 7-401 — Irregularities in Issue of Receipt or Bill or Conduct of Issuer

N.Y. U.C.C. Law § 7-401

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

Section 7--401. Irregularities in Issue of Receipt or Bill or Conduct of

Citator

N.Y. U.C.C. Law § 7-401 — Irregularities in Issue of Receipt or Bill or Conduct of Issuer is in force in the current edition of the Code, and nothing recorded condemns it.

Section 7--401. 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:

(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.