S.C. Code Ann. § 36-7-201 – Who may issue a warehouse receipt; storage under government 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 though issued by a person that is the owner of the goods and is not a warehouse.

HISTORY: 1962 Code Section 10.7-201; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.

2014 Act No. 213, Section 51, provides as follows:

"SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date."