Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 7. DOCUMENTS OF TITLE |
Article 4. Warehouse Receipts and Bills of Lading: General Obligations |
Sec 47-7401. Irregularities in issue of receipt or bill or conduct of issuer
Latest version.
-
The obligations imposed by this chapter on an issuer apply to a document of title even if:
1. The document does not comply with the requirements of this chapter 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.