Irregularities in issue of receipt or bill or conduct of issuer

4-7-401. Irregularities in issue of receipt or bill or conduct of issuer. The obligations imposed by this article on an issuer apply to a document of title even if: (1) The document does not comply with the requirements of this article or of any other statute, rule, or regulation regarding its issuance, form, or content; (2) The issuer violated laws regulating the conduct of its business; (3) The goods covered by the document were owned by the bailee when the document was issued; or (4) The person issuing the document is not a warehouse but the document purports to be a warehouse receipt. Source: L. 2006: Entire article R&RE, p. 483, � 2, effective September 1. L. 2007: (1) amended, p. 371, � 16, effective August 3. Editor's note: This section is similar to former � 4-7-401 as it existed prior to 2006.