(1)  A warehouse receipt may be issued by any warehouse.

Terms Used In Utah Code 70A-7a-201

  • Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Utah Code 70A-7a-102
  • Person: means :Utah Code 68-3-12.5
  • Statute: A law passed by a legislature.
  • Warehouse: means a person engaged in the business of storing goods for hire. See Utah Code 70A-7a-102
(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 considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.

Enacted by Chapter 42, 2006 General Session

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