S.C. Code Ann. § 36-7-401 – Irregularities in issue of receipt or bill or conduct of issuer

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.

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."