Ohio Code 1307.401 – Irregularities in issue of receipt or bill or conduct of issuer -UCC 7-401
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Irregularities in issue of receipt or bill or conduct of issuer [UCC 7-401]
Terms Used In Ohio Code 1307.401
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Rule: includes regulation. See Ohio Code 1.59
- Statute: A law passed by a legislature.
The obligations imposed by sections 1307.101 to 1307.603 of the Revised Code on an issuer apply to a document of title even if:
(A) The document does not comply with the requirements of sections 1307.101 to 1307.603 of the Revised Code or of any other statute, rule, or regulation regarding its issuance, form, or content;
(B) The issuer violated laws regulating the conduct of its business;
(C) The goods covered by the document were owned by the bailee when the document was issued; or
(D) The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.