47-7401. Irregularities in issue of receipt or
bill or conduct of issuer


The obligations imposed by this chapter on an issuer apply to a document of title
even if:


1. The document does not comply with the requirements of this chapter 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.