Section 4. A licensed warehouseman shall, upon written request by a party placing property with him on storage, cause such property to be insured for whom it may concern. A railroad corporation acting as warehouseman may itself be the insurer.
Terms Used In Massachusetts General Laws ch. 105 sec. 4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Any warehouse receipt delivered to a depositor of family, personal or household goods shall contain the following notice conspicuously printed in at least eight point type: ”The property which you are putting in storage is not covered by insurance against fire or theft. You may contact the warehouseman for instructions on placing insurance coverage for fire and theft on the deposited property.”
This section shall not apply to property stored pursuant to section 4 of chapter 239.