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Statutes Text

Article - Commercial Law




§7–201.

    (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 is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.



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