Kentucky Statutes 355.7-201 – Person that may issue a warehouse receipt — Storage under bond
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(1) A warehouse receipt may be issued by any warehouse.
(2) If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
Effective: July 12, 2012
History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 7, effective July 12, 2012.
— Created 1958 Ky. Acts ch. 77, sec. 7-201, effective July 1, 1960.
(2) If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
Terms Used In Kentucky Statutes 355.7-201
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Kentucky Statutes 355.7-102
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
- Warehouse: means a person engaged in the business of storing goods for hire. See Kentucky Statutes 355.7-102
Effective: July 12, 2012
History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 7, effective July 12, 2012.
— Created 1958 Ky. Acts ch. 77, sec. 7-201, effective July 1, 1960.