(1) The article on documents of title (article 7) does not repeal or modify any laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees’ businesses in respects not specifically dealt with herein; but the fact that such laws are violated does not affect that status of a document of title which otherwise complies with the definition of a document of title (section 400.1-201).

(2) This law does not repeal sections 403.250 through 403.350, known as the uniform law for simplification of fiduciary security transfers, and if in any respect there is any inconsistency between that law and the article of this law on investment securities (article 8) the provisions of the former law shall control.