Indiana Code 26-3-7-21. Uniform Warehouse Receipts Act; application to transactions
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Terms Used In Indiana Code 26-3-7-21
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Sec. 21. Except as provided by this chapter, and regardless of whether the grain was received for storage, shipping, or handling, IC 26-3-2 applies to all transactions involving or incidental to the issuance, negotiation, transfer, sale, endorsement, or other dealings with receipts, to transactions involving delivery or other disposition of grain, and to the rights, duties, liabilities, and privileges of licensees or others dealing with licensees.
Formerly: Acts 1973, P.L.268, SEC.1. As amended by Acts 1982, P.L.155, SEC.14; P.L.125-1997, SEC.43.