torts as it applies to the misfeasance or negligence registry’s concerning the transfer of control of the electronic document will allocate the risks and liabilities of the parties as that other law now does so for third parties who hold tangible documents and fail to deliver the documents. Cross Reference: Sections 7105 and 7501. Definitional CrossReferences: 1201. ‘Delivery’. of 1201. ‘Document title’. PART 2 Warehouse Receipts: Special Provisions Section 367201. (a) A warehouse receipt may be issued by any warehouse. (b) 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 has like effect as a warehouse receipt even if issued by a person who is the owner of the goods and is not a warehouseman. OFFICIAL COMMENT Prior Uniform Statutory Provision: Former Section 7201. Changes: Update for style only. Purposes: It is not intended by reenactment of subsection (a) to repeal any provisions of special licensing or other statutes regulating who may become a warehouse. Limitations on the transfer of the receipts and criminal sanctions for violation of such limitations are not impaired. Section 7103. Compare Section 7401(4) on the liability of the issuer in such cases. Subsection (b) covers receipts issued by the owner for whiskey or other goods stored in bonded warehouses under such statutes as 26 U.S.C. Chapter 51. Cross References: Sections 7103, 7401.
torts as it applies to the registry’s misfeasance or negligence concerning the transfer of control of the electronic document will allocate the risks and liabilities of the parties as that other law now does so for third parties who hold tangible documents and fail to deliver the documents. Cross Reference: Sections 7105 and 7501. Definitional CrossReferences: ‘Delivery’. 1201. ‘Document of title’. 1201. PART 2 Warehouse Receipts: Special Provisions Section 367201. (a) A warehouse receipt may be issued by any warehouse. (b) 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 has like effect as a warehouse receipt even if issued by a person who is the owner of the goods and is not a warehouseman. OFFICIAL COMMENT Prior Uniform Statutory Provision: Former Section 7201. Changes: Update for style only. Purposes: It is not intended by reenactment of subsection (a) to repeal any provisions of special licensing or other statutes regulating who may become a warehouse. Limitations on the transfer of the receipts and criminal sanctions for violation of such limitations are not impaired. Section 7103. Compare Section 7401(4) on the liability of the issuer in such cases. Subsection (b) covers receipts issued by the owner for whiskey or other goods stored in bonded warehouses under such statutes as 26 U.S.C. Chapter 51. Cross References: Sections 7103, 7401.