N.Y. Uniform Commercial Code Law Section 7-201
Person That May Issue a Warehouse Receipt

  • Storage Under Bond
Section 7--201. Person That May Issue a Warehouse Receipt; Storage Under Bond.

(a)

A warehouse receipt may be issued by any warehouse.

(b)

If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.

Source: Section 7-201 — Person That May Issue a Warehouse Receipt; Storage Under Bond, https://www.­nysenate.­gov/legislation/laws/UCC/7-201 (updated Dec. 26, 2014; accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

Last modified:
Dec. 26, 2014

§ 7-201’s source at nysenate​.gov

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