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 issue, 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.
HISTORY: 1962 Code Section 10.7-401; 1966 (54) 2716; 2014 Act No. 213 (S.343), Section 2, eff October 1, 2014.