act no 2137 warehouse receipt

7/24/2019 ACT NO 2137 Warehouse Receipt

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in section t!irt$-si !ere # #re!o%se"#n (e+i,ers rt o) t!e 0oo(s )or !ic! !e !#( iss%e( # ne0oti#'+erecei&t #n( )#i+s eit!er to t#e %& #n( c#nce+ s%c! recei&t or to &+#ce &+#in+$ %&on it # st#te"ent o) !#t 0oo(or c#0es !#,e 'een (e+i,ere( !e s!#++ 'e +i#'+e to #n$ one !o &%rc!#ses )or ,#+%e in 0oo( )#it! s%c!recei&t )or )#i+%re to (e+i,er #++ t!e 0oo(s s&eci)ie( in t!e recei&t !et!er s%c! &%rc!#ser #c5%ire( tit+e to t!recei&t 'e)ore or #)ter t!e (e+i,er$ o) #n$ &ortion o) t!e 0oo(s '$ t!e #re!o%se"#n.

Sec. 13. A+tere( recei&ts. T!e #+ter#tion o) # recei&t s!#++ not ec%se t!e #re!o%se"#n !o iss%e( it )ro"

#n$ +i#'i+it$ i) s%c! #+ter#tion #s#/ I""#teri#+

'/ A%t!orie( or

c/ ?#(e it!o%t )r#%(%+ent intent.

I) t!e #+ter#tion #s #%t!orie( t!e #re!o%se"#n s!#++ 'e +i#'+e #ccor(in0 to t!e ter"s o) t!e recei&t #s#+tere(. I) t!e #+ter#tion #s %n#%t!orie( '%t "#(e it!o%t )r#%(%+ent intent t!e #re!o%se"#n s!#++ 'e+i#'+e #ccor(in0 to t!e ter"s o) t!e recei&t #s t!e$ ere 'e)ore #+ter#tion.

?#teri#+ #n( )r#%(%+ent #+ter#tion o) # recei&t s!#++ not ec%se t!e #re!o%se"#n !o iss%e( it )ro" +i#'i+it$to (e+i,er #ccor(in0 to t!e ter"s o) t!e recei&t #s ori0in#++$ iss%e( t!e 0oo(s )or !ic! it #s iss%e( '%t s!#ec%se !i" )ro" #n$ ot!er +i#'i+it$ to t!e &erson !o "#(e t!e #+ter#tion #n( to #n$ &erson !o too it!notice o) t!e #+ter#tion. An$ &%rc!#ser o) t!e recei&t )or ,#+%e it!o%t notice o) t!e #+ter#tion s!#++ #c5%ire ts#"e ri0!ts #0#inst t!e #re!o%se"#n !ic! s%c! &%rc!#ser o%+( !#,e #c5%ire( i) t!e recei&t !#( not 'ee#+tere( #t t!e ti"e o) &%rc!#se.

Sec. 18. Lost or (estro$e( recei&ts. W!ere # ne0oti#'+e recei&t !#s 'een +ost or (estro$e( # co%rt o)

co"&etent 4%ris(iction "#$ or(er t!e (e+i,er$ o) t!e 0oo(s %&on s#tis)#ctor$ &roo) o) s%c! +oss or (estr%ction#n( %&on t!e 0i,in0 o) # 'on( it! s%))icient s%reties to 'e #&&ro,e( '$ t!e co%rt to &rotect t!e#re!o%se"#n )ro" #n$ +i#'i+it$ or e&ense !ic! !e or #n$ &erson in4%re( '$ s%c! (e+i,er$ "#$ inc%r '$re#son o) t!e ori0in#+ recei&t re"#inin0 o%tst#n(in0. T!e co%rt "#$ #+so in its (iscretion or(er t!e $"ent t!e #re!o%se"#n=s re#son#'+e costs #n( co%nse+ )ees.

T!e (e+i,er$ o) t!e 0oo(s %n(er #n or(er o) t!e co%rt #s &ro,i(e( in t!is section s!#++ not re+ie,e t!e#re!o%se"#n )ro" +i#'i+it$ to # &erson to !o" t!e ne0oti#'+e recei&t !#s 'een or s!#++ 'e ne0oti#te( )or,#+%e it!o%t notice o) t!e &rocee(in0s or o) t!e (e+i,er$ o) t!e 0oo(s.

Sec. 1:. E))ect o) (%&+ic#te recei&ts. A recei&t %&on t!e )#ce o) !ic! t!e or(


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'/ A0#inst #++ 0oo(s 'e+on0in0 to ot!ers !ic! !#,e 'een (e&osite( #t #n$ ti"e '$ t!e &erson !o is +i#'+e (e'tor )or t!e c+#i"s in re0#r( to !ic! t!e +ien is #sserte( i) s%c! &erson !#( 'een so entr%ste( it! t!e&ossession o) 0oo(s t!#t # &+e(0e o) t!e s#"e '$ !i" #t t!e ti"e o) t!e (e&osit to one !o too t!e 0oo(s in0oo( )#it! )or ,#+%e o%+( !#,e 'een ,#+i(.

Sec. 2. Ho t!e +ien "#$ 'e +ost. A #re!o%se"#n +oses !is +ien %&on 0oo(s#/ 6$ s%rren(erin0 &ossession t!ereo) or

'/ 6$ re)%sin0 to (e+i,er t!e 0oo(s !en # (e"#n( is "#(e it! !ic! !e is 'o%n( to co"&+$ %n(er t!e&ro,isions o) t!is Act.

Sec. 3. Ne0oti#'+e recei&t "%st st#te c!#r0es )or !ic! t!e +ien is c+#i"e(. I) # ne0oti#'+e recei&t is iss%e)or 0oo(s t!e #re!o%se"#n s!#++ !#,e no +ien t!ereon ece&t )or c!#r0es )or stor#0e o) 0oo(s s%'se5%ent t!e (#te o) t!e recei&t %n+ess t!e recei&t e&ress+$ en%"er#te( ot!er c!#r0es )or !ic! # +ien is c+#i"e(. Ins%c! c#se t!ere s!#++ 'e # +ien )or t!e c!#r0es en%"er#te( so )#r #s t!e$ #re it!in t!e ter"s o) sectiontent$-se,en #+t!o%0! t!e #"o%nt o) t!e c!#r0es so en%"er#te( is not st#te( in t!e recei&t.

Sec. 31. W#re!o%se"#n nee( not (e+i,er %nti+ +ien is s#tis)ie(. A #re!o%se"#n !#,in0 # +ien ,#+i( #0#instt!e &erson (e"#n(in0 t!e 0oo(s "#$ re)%se to (e+i,er t!e 0oo(s to !i" %nti+ t!e +ien is s#tis)ie(.

Sec. 32. W#re!o%se"#n=s +ien (oes not &rec+%(e ot!er re"e(ies. W!et!er # #re!o%se"#n !#s or !#s not+ien %&on t!e 0oo(s !e is entit+e( to #++ re"e(ies #++oe( '$ +# to # cre(itor #0#inst # (e'tor )or t!eco++ection )ro" t!e (e&ositor o) #++ c!#r0es #n( #(,#nces !ic! t!e (e&ositor !#s e&ress+$ or i"&+ie(+$contr#cte( it! t!e #re!o%se"#n to $.

Sec. 33. S#tis)#ction o) +ien '$ s#+e. A #re!o%se"#n=s +ien )or # c+#i" !ic! !#s 'eco"e (%e "#$ 'e

s#tis)ie( #s )o++os#/ An ite"ie( st#te"ent o) t!e #re!o%se"#n=s c+#i" s!oin0 t!e s%" (%e #t t!e ti"e o) t!e notice #n(t!e (#te or (#tes !en it 'eco"es (%e

'/ A 'rie) (escri&tion o) t!e 0oo(s #0#inst !ic! t!e +ien eists

c/ A (e"#n( t!#t t!e #"o%nt o) t!e c+#i" #s st#te( in t!e notice o) s%c! )%rt!er c+#i" #s s!#++ #ccr%e s!#++ i( on or 'e)ore # (#$ "entione( not +ess t!#n ten (#$s )ro" t!e (e+i,er$ o) t!e notice i) it is &erson#++$(e+i,ere( or )ro" t!e ti"e !en t!e notice s!#++ re#c! its (estin#tion #ccor(in0 to t!e (%e co%rse o) &ost i)t!e notice is sent '$ "#i+

(/ A st#te"ent t!#t %n+ess t!e c+#i" is i( it!in t!e ti"e s&eci)ie( t!e 0oo(s i++ 'e #(,ertise( )or s#+e #so+( '$ #%ction #t # s&eci)ie( ti"e #n( &+#ce.

In #ccor(#nce it! t!e ter"s o) # notice so 0i,en # s#+e o) t!e 0oo(s '$ #%ction "#$ 'e !#( to s#tis)$ #n$,#+i( c+#i" o) t!e #re!o%se"#n )or !ic! !e !#s # +ien on t!e 0oo(s. T!e s#+e s!#++ 'e !#( in t!e &+#ce !et!e +ien #s #c5%ire( or i) s%c! &+#ce is "#ni)est+$ %ns%it#'+e )or t!e &%r&ose o) t!e c+#i" s&eci)ie( in t!enotice to t!e (e&ositor !#s e+#&se( #n( #(,ertise"ent o) t!e s#+e (escri'in0 t!e 0oo(s to 'e so+( #n( st#tit!e n#"e o) t!e oner or &erson on !ose #cco%nt t!e 0oo(s #re !e+( #n( t!e ti"e #n( &+#ce o) t!e s#+e s!'e &%'+is!e( once # ee )or to consec%ti,e ees in # nes&er &%'+is!e( in t!e &+#ce !ere s%c! s#+e ito 'e !e+(. T!e s#+e s!#++ not 'e !e+( +ess t!#n )i)teen (#$s )ro" t!e ti"e o) t!e )irst &%'+ic#tion. I) t!ere is nes&er &%'+is!e( in s%c! &+#ce t!e #(,ertise"ent s!#++ 'e &oste( #t +e#st ten (#$s 'e)ore s%c! s#+e in no+ess t!#n si cons&ic%o%s &+#ces t!erein.

Fro" t!e &rocee(s o) s%c! s#+e t!e #re!o%se"#n s!#++ s#tis)$ !is +ien inc+%(in0 t!e re#son#'+e c!#r0es o)notice #(,ertise"ent #n( s#+e. T!e '#+#nce i) #n$ o) s%c! &rocee(s s!#++ 'e !e+( '$ t!e #re!o%se"#n #n

(e+i,ere( on (e"#n( to t!e &erson to !o" !e o%+( !#,e 'een 'o%n( to (e+i,er or 4%sti)ie( in (e+i,erin00oo(s.

At #n$ ti"e 'e)ore t!e 0oo(s #re so so+( #n$ &erson c+#i"in0 # ri0!t o) &ro&ert$ or &ossession t!erein "#$ &t!e #re!o%se"#n t!e #"o%nt necess#r$ to s#tis)$ !is +ien #n( to $ t!e re#son#'+e e&enses #n( +i#'i+itieinc%rre( in ser,in0 notices #n( #(,ertisin0 #n( &rerin0 )or t!e s#+e %& to t!e ti"e o) s%c! $"ent. T!e


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#re!o%se"#n s!#++ (e+i,er t!e 0oo(s to t!e &erson "#in0 $"ent i) !e is # &erson entit+e( %n(er t!e&ro,ision o) t!is Act to t!e &ossession o) t!e 0oo(s on $"ent o) c!#r0es t!ereon. Ot!erise t!e#re!o%se"#n s!#++ ret#in t!e &ossession o) t!e 0oo(s #ccor(in0 to t!e ter"s o) t!e ori0in#+ contr#ct o)(e&osit.

Sec. 38. Peris!#'+e #n( !##r(o%s 0oo(s. I) 0oo(s #re o) # &eris!#'+e n#t%re or '$ ee&in0 i++ (eterior#t0re#t+$ in ,#+%e or '$ t!eir or(er +e##0e in)+#""#'i+it$ or e&+osi,e n#t%re i++ 'e +i#'+e to in4%re ot!er

&ro&ert$ t!e #re!o%se"#n "#$ 0i,e s%c! notice to t!e oner or to t!e &erson in !ose n#"es t!e 0oo(s#re store( #s is re#son#'+e #n( &ossi'+e %n(er t!e circ%"st#nces to s#tis)$ t!e +ien %&on s%c! 0oo(s #n( tore"o,e t!e" )ro" t!e #re!o%se #n( in t!e e,ent o) t!e )#i+%re o) s%c! &erson to s#tis)$ t!e +ien #n( torecei,e t!e 0oo(s it!in t!e ti"e so s&eci)ie( t!e #re!o%se"#n "#$ se++ t!e 0oo(s #t &%'+ic or &ri,#te s#+it!o%t #(,ertisin0. I) t!e #re!o%se"#n #)ter # re#son#'+e e))ort is %n#'+e to se++ s%c! 0oo(s !e "#$(is&ose o) t!e" in #n$ +#)%+ "#nner #n( s!#++ inc%r no +i#'i+it$ '$ re#son t!ereo).

T!e &rocee(s o) #n$ s#+e "#(e %n(er t!e ter"s o) t!is section s!#++ 'e (is&ose( o) in t!e s#"e #$ #s t!e&rocee(s o) s#+es "#(e %n(er t!e ter"s o) t!e &rece(in0 section.

Sec. 3:. Ot!er "et!o(s o) en)orcin0 +ien. T!e re"e($ )or en)orcin0 # +ien !erein &ro,i(e( (oes not &rec+%(#n$ ot!er re"e(ies #++oe( '$ +# )or t!e en)orce"ent o) # +ien #0#inst &erson#+ &ro&ert$ nor '#r t!e ri0!t treco,er so "%c! o) t!e #re!o%se"#n=s c+#i" #s s!#++ not 'e i( '$ t!e &rocee(s o) t!e s#+e o) t!e &ro&ert$

Sec. 3;. E))ect o) s#+e. A)ter 0oo(s !#,e 'een +#)%++$ so+( to s#tis)$ # #re!o%se"#n=s +ien or !#,e 'een+#)%++$ so+( or (is&ose( o) 'ec#%se o) t!eir &eris!#'+e or !##r(o%s n#t%re t!e #re!o%se"#n s!#++ nott!ere#)ter 'e +i#'+e )or )#i+%re to (e+i,er t!e 0oo(s to t!e (e&ositor or oner o) t!e 0oo(s or to # !o+(er o) t!recei&t 0i,en )or t!e 0oo(s !en t!e$ ere (e&osite( e,en i) s%c! recei&t 'e ne0oti#'+e.III NE>OTIATION AN9 TRANSFER OF RECEIPTS

Sec. 37. Ne0oti#tion o) ne0oti#'+e recei&t o) (e+i,er$. A ne0oti#'+e recei&t "#$ 'e ne0oti#te( '$ (e+i,er$#/ W!ere '$ ter"s o) t!e recei&t t!e #re!o%se"#n %n(ert#es to (e+i,er t!e 0oo(s to t!e 'e#rer or

'/ W!ere '$ t!e ter"s o) t!e recei&t t!e #re!o%se"#n %n(ert#es to (e+i,er t!e 0oo(s to t!e or(er o) #s&eci)ie( &erson #n( s%c! &erson or # s%'se5%ent in(orsee o) t!e recei&t !#s in(orse( it in '+#n or to'e#rer.

W!ere '$ t!e ter"s o) # ne0oti#'+e recei&t t!e 0oo(s #re (e+i,er#'+e to 'e#rer or !ere # ne0oti#'+e recei&!#s 'een in(orse( in '+#n or to 'e#rer #n$ !o+(er "#$ in(orse t!e s#"e to !i"se+) or to #n$ ot!er s&eci)ie(&erson #n( in s%c! c#se t!e recei&t s!#++ t!ere#)ter 'e ne0oti#te( on+$ '$ t!e in(orse"ent o) s%c! in(orsee

Sec. 3@. Ne0oti#tion o) ne0oti#'+e recei&t '$ in(orse"ent. A ne0oti#'+e recei&t "#$ 'e ne0oti#te( '$ t!ein(orse"ent o) t!e &erson to !ose or(er t!e 0oo(s #re '$ t!e ter"s o) t!e recei&t (e+i,er#'+e. S%c!in(orse"ent "#$ 'e in '+#n to 'e#rer or to # s&eci)ie( &erson. I) in(orse( to # s&eci)ie( &erson it "#$ 'e#0#in ne0oti#te( '$ t!e in(orse"ent o) s%c! &erson in '+#n to 'e#rer or to #not!er s&eci)ie( &erson.S%'se5%ent ne0oti#tion "#$ 'e "#(e in +ie "#nner.

Sec. 3. Tr#ns)er o) recei&t. A recei&t !ic! is not in s%c! )or" t!#t it c#n 'e ne0oti#te( '$ (e+i,er$ "#$ 'tr#ns)erre( '$ t!e !o+(er '$ (e+i,er$ to # &%rc!#ser or (onee.

A non-ne0oti#'+e recei&t c#n not 'e ne0oti#te( #n( t!e in(orse"ent o) s%c! # recei&t 0i,es t!e tr#ns)eree n#((ition#+ ri0!t.

Sec. 8. W!o "#$ ne0oti#te # recei&t. A ne0oti#'+e recei&t "#$ 'e ne0oti#te(#/ 6$ t!e oner t!ereo) or

'/ 6$ #n$ &erson to !o" t!e &ossession or c%sto($ o) t!e recei&t !#s 'een entr%ste( '$ t!e oner i) '$ tter"s o) t!e recei&t t!e #re!o%se"#n %n(ert#es to (e+i,er t!e 0oo(s to t!e or(er o) t!e &erson to !o"t!e &ossession or c%sto($ o) t!e recei&t !#s 'een entr%ste( or i) #t t!e ti"e o) s%c! entr%stin0 t!e recei&t in s%c! )or" t!#t it "#$ 'e ne0oti#te( '$ (e+i,er$.


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Sec. 81. Ri0!ts o) &erson to !o" # recei&t !#s 'een ne0oti#te(. A &erson to !o" # ne0oti#'+e recei&t !'een (%+$ ne0oti#te( #c5%ires t!ere'$#/ S%c! tit+e to t!e 0oo(s #s t!e &erson ne0oti#tin0 t!e recei&t to !i" !#( or !#( #'i+it$ to con,e$ to #&%rc!#ser in 0oo( )#it! )or ,#+%e #n( #+so s%c! tit+e to t!e 0oo(s #s t!e (e&ositor or &erson to !ose or(er t0oo(s ere to 'e (e+i,ere( '$ t!e ter"s o) t!e recei&t !#( or !#( #'i+it$ to con,e$ to # &%rc!#ser in 0oo( )#i)or ,#+%e #n(

'/ T!e (irect o'+i0#tion o) t!e #re!o%se"#n to !o+( &ossession o) t!e 0oo(s )or !i" #ccor(in0 to t!e ter"o) t!e recei&t #s )%++$ #s i) t!e #re!o%se"#n #n( contr#cte( (irect+$ it! !i".

Sec. 82. Ri0!ts o) &erson to !o" recei&t !#s 'een tr#ns)erre(. A &erson to !o" # recei&t !#s 'eentr#ns)erre( '%t not ne0oti#te( #c5%ires t!ere'$ #s #0#inst t!e tr#ns)eror t!e tit+e o) t!e 0oo(s s%'4ect to t!ter"s o) #n$ #0ree"ent it! t!e tr#ns)eror.

I) t!e recei&t is non-ne0oti#'+e s%c! &erson #+so #c5%ires t!e ri0!t to noti)$ t!e #re!o%se"#n o) t!e tr#ns)to !i" o) s%c! recei&t #n( t!ere'$ to #c5%ire t!e (irect o'+i0#tion o) t!e #re!o%se"#n to !o+( &ossession ot!e 0oo(s )or !i" #ccor(in0 to t!e ter"s o) t!e recei&t.

Prior to t!e noti)ic#tion o) t!e #re!o%se"#n '$ t!e tr#ns)eror or tr#ns)eree o) # non-ne0oti#'+e recei&t t!etit+e o) t!e tr#ns)eree to t!e 0oo(s #n( t!e ri0!t to #c5%ire t!e o'+i0#tion o) t!e #re!o%se"#n "#$ 'e(e)e#te( '$ t!e +e,$ o) #n #tt#c!"ent or eec%tion %&on t!e 0oo(s '$ # cre(itor o) t!e tr#ns)eror or '$ #noti)ic#tion to t!e #re!o%se"#n '$ t!e tr#ns)eror or # s%'se5%ent &%rc!#ser )ro" t!e tr#ns)eror o) #s%'se5%ent s#+e o) t!e 0oo(s '$ t!e tr#ns)eror.

Sec. 83. Tr#ns)er o) ne0oti#'+e recei&t it!o%t in(orse"ent. W!ere # ne0oti#'+e recei&t is tr#ns)erre( )or,#+%e '$ (e+i,er$ #n( t!e in(orse"ent o) t!e tr#ns)eror is essenti#+ )or ne0oti#tion t!e tr#ns)eree #c5%ires #

ri0!t #0#inst t!e tr#ns)eror to co"&e+ !i" to in(orse t!e recei&t %n+ess # contr#r$ intention #&&e#rs. T!ene0oti#tion s!#++ t#e e))ect #s o) t!e ti"e !en t!e in(orse"ent is #ct%#++$ "#(e.

Sec. 88. W#rr#nties o) # s#+e o) recei&t. A &erson !o )or ,#+%e ne0oti#tes or tr#ns)ers # recei&t '$in(orse"ent or (e+i,er$ inc+%(in0 one !o #ssi0ns )or ,#+%e # c+#i" sec%re( '$ # recei&t %n+ess # contr#r$intention #&&e#rs #rr#nts#/ T!#t t!e recei&t is 0en%ine

'/ T!#t !e !#s # +e0#+ ri0!t to ne0oti#te or tr#ns)er it

c/ T!#t !e !#s no+e(0e o) no )#ct !ic! o%+( i"ir t!e ,#+i(it$ or ort! o) t!e recei&t #n(

(/ T!#t !e !#s # ri0!t to tr#ns)er t!e tit+e to t!e 0oo(s #n( t!#t t!e 0oo(s #re "erc!#nt#'+e or )it )or #rtic%+#r &%r&ose !ene,er s%c! #rr#nties o%+( !#,e 'een i"&+ie( i) t!e contr#ct o) t!e rties !#( 'eeto tr#ns)er it!o%t # recei&t o) t!e 0oo(s re&resente( t!ere'$.

Sec. 8:. In(orser not # 0%#r#ntor. T!e in(orse"ent o) # recei&t s!#++ not "#e t!e in(orser +i#'+e )or #n$)#i+%re on t!e rt o) t!e #re!o%se"#n or &re,io%s in(orsers o) t!e recei&t to )%+)i++ t!eir res&ecti,eo'+i0#tions.

Sec. 8;. No #rr#nt$ i"&+ie( )ro" #cce&tin0 $"ent o) # (e't. A "ort0#0ee &+e(0ee or !o+(er )or sec%ro) # recei&t !o in 0oo( )#it! (e"#n(s or recei,es $"ent o) t!e (e't )or !ic! s%c! recei&t is sec%rit$!et!er )ro" # rt$ to # (r#)t (r#n )or s%c! (e't or )ro" #n$ ot!er &erson s!#++ not '$ so (oin0 'e(ee"e( to re&resent or to #rr#nt t!e 0en%ineness o) s%c! recei&t or t!e 5%#ntit$ or 5%#+it$ o) t!e 0oo(st!erein (escri'e(.

Sec. 87. W!en ne0oti#tion not i"ire( '$ )r#%( "ist#e or (%ress. T!e ,#+i(it$ o) t!e ne0oti#tion o) #recei&t is not i"ire( '$ t!e )#ct t!#t s%c! ne0oti#tion #s # 're#c! o) (%t$ on t!e rt o) t!e &erson "#int!e ne0oti#tion or '$ t!e )#ct t!#t t!e oner o) t!e recei&t #s in(%ce( '$ )r#%( "ist#e or (%ress or toentr%st t!e &ossession or c%sto($ o) t!e recei&t to s%c! &erson i) t!e &erson to !o" t!e recei&t #sne0oti#te( or # &erson to !o" t!e recei&t #s s%'se5%ent+$ ne0oti#te( i( ,#+%e t!ere)or it!o%t notice t!e 're#c! o) (%t$ or )r#%( "ist#e or (%ress.


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Sec. 8@. S%'se5%ent ne0oti#tion. W!ere # &erson !#,in0 so+( "ort0#0e( or &+e(0e( 0oo(s !ic! #re in#re!o%se #n( )or !ic! # ne0oti#'+e recei&t !#s 'een iss%e( or !#,in0 so+( "ort0#0e( or &+e(0e( t!ene0oti#'+e recei&t re&resentin0 s%c! 0oo(s contin%es in &ossession o) t!e ne0oti#'+e recei&t t!e s%'se5%enne0oti#tion t!ereo) '$ t!e &erson %n(er #n$ s#+e or ot!er (is&osition t!ereo) to #n$ &erson recei,in0 t!e s#"in 0oo( )#it! )or ,#+%e #n( it!o%t notice o) t!e &re,io%s s#+e "ort0#0e or &+e(0e s!#++ !#,e t!e s#"e e))e#s i) t!e )irst &%rc!#ser o) t!e 0oo(s or recei&t !#( e&ress+$ #%t!orie( t!e s%'se5%ent ne0oti#tion.

Sec. 8. Ne0oti#tion (e)e#ts ,en(or=s +ien. W!ere # ne0oti#'+e recei&t !#s 'een iss%e( )or 0oo(s no se++er+ien or ri0!t o) sto&e in tr#nsit% s!#++ (e)e#t t!e ri0!ts o) #n$ &%rc!#ser )or ,#+%e in 0oo( )#it! to !o"s%c! recei&t !#s 'een ne0oti#te( !et!er s%c! ne0oti#tion 'e &rior or s%'se5%ent to t!e noti)ic#tion to t!e#re!o%se"#n !o iss%e( s%c! recei&t o) t!e se++er=s c+#i" to # +ien or ri0!t o) sto&e in tr#nsit%. Nor s!t!e #re!o%se"#n 'e o'+i0e( to (e+i,er or 4%sti)ie( in (e+i,erin0 t!e 0oo(s to #n %ni( se++er %n+ess t!erecei&t is )irst s%rren(ere( )or c#nce++#tion.ID CRI?INAL OFFENSES

Sec. :. Iss%e o) recei&t )or 0oo(s not recei,e(. A #re!o%se"#n or #n o))icer #0ent or ser,#nt o) ##re!o%se"#n !o iss%es or #i(s in iss%in0 # recei&t noin0 t!#t t!e 0oo(s )or !ic! s%c! recei&t is iss%e!#,e not 'een #ct%#++$ recei,e( '$ s%c! #re!o%se"#n or #re not %n(er !is #ct%#+ contro+ #t t!e ti"e o)iss%in0 s%c! recei&t s!#++ 'e 0%i+t$ o) # cri"e #n( %&on con,iction s!#++ 'e &%nis!e( )or e#c! o))ense '$i"&rison"ent not ecee(in0 )i,e $e#rs or '$ # )ine not ecee(in0 ten t!o%s#n( &esos or 'ot!.

Sec. :1. Iss%e o) recei&t cont#inin0 )#+se st#te"ent. A #re!o%se"#n or #n$ o))icer #0ent or ser,#nt o) ##re!o%se"#n !o )r#%(%+ent+$ iss%es or #i(s in )r#%(%+ent+$ iss%in0 # recei&t )or 0oo(s noin0 t!#t itcont#ins #n$ )#+se st#te"ent s!#++ 'e 0%i+t$ o) # cri"e #n( %&on con,iction s!#++ 'e &%nis!e( )or e#c! o))en'$ i"&rison"ent not ecee(in0 one $e#r or '$ # )ine not ecee(in0 to t!o%s#n( &esos or '$ 'ot!.

Sec. :2. Iss%e o) (%&+ic#te recei&t not so "#re(. A #re!o%se or #n$ o))icer #0ent or ser,#nt o) ##re!o%se"#n !o iss%es or #i(s in iss%in0 # (%&+ic#te or #((ition#+ ne0oti#'+e recei&t )or 0oo(s noin0t!#t # )or"er ne0oti#'+e recei&t )or t!e s#"e 0oo(s or #n$ rt o) t!e" is o%tst#n(in0 #n( %nc#nce+e( it!o&+#in+$ &+#cin0 %&on t!e )#ce t!ereo) t!e or(


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act no 2137 warehouse receipt

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