30-7-401. 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 regardless of the fact that:
     (a) the document may not comply with the requirements of this chapter or of any other law or regulation regarding its issue, form or content; or
     (b) the issuer may have violated laws regulating the conduct of his business; or
     (c) the goods covered by the document were owned by the bailee at the time the document was issued; or
     (d) the person issuing the document does not come within the definition of warehouseman if it purports to be a warehouse receipt.

     History: En. Sec. 7-401, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-401.