If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor.
Effective: July 12, 2012

Terms Used In Kentucky Statutes 355.7-208

  • Issuer: means a bailee that issues a document of title or, in the case of an unaccepted delivery order, the person that orders the possessor of goods to deliver. See Kentucky Statutes 355.7-102
  • Warehouse: means a person engaged in the business of storing goods for hire. See Kentucky Statutes 355.7-102

History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 14, effective July 12,
2012. — Created 1958 Ky. Acts ch. 77, sec. 7-208, effective July 1, 1960.

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