North Dakota Code 4.1-58-18 – Warehouse receipt – Contents and provisions
A warehouseman shall provide a warehouse receipt that must:
Terms Used In North Dakota Code 4.1-58-18
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
- United States: includes the District of Columbia and the territories. See North Dakota Code 1-01-49
- year: means twelve consecutive months. See North Dakota Code 1-01-33
1. Be issued only upon the actual delivery of grain to the warehouse for storage.
2. Contain the following provisions:
a. The place and date the grain was received; b. The name and address of the owner of the grain; c. The kind and grade of the grain according to the official standards established by the secretary of agriculture of the United States, except that receipts issued for dry edible beans must reference, in lieu of a grade designation, the number of the scale tickets containing a description of the beans, including the percentage of foreign material, splits, check seed coats, total pick, and moisture; and
d. The gross weight, dockage, and net weight of the grain according to this state‘s standard weight.
3. Be numbered consecutively, and no two receipts bearing the same number and series may be issued during the same year.
4. Not be altered by any warehouseman by the insertion in the receipt of any language limiting or modifying its liability as imposed by the law.
5. Contain, either on its face or reverse side, the warehouse and storage contract provided for in section 4.1-58-19.
6. Have printed upon the receipt the following words: “All storage contracts on grain in store at public grain warehouses terminate on , as identified in the publication required by section 4.1-58-19. If storage charges and warehouseman’s advances remain unpaid at the time of termination, the warehouseman may sell a sufficient amount of grain to pay the charges and advances. The receiptholder shall surrender the receipt to the issuing warehouseman for settlement.”