Commercial Code section 7401

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

(1)

the document does not comply with the requirements of this division 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: Section 7401, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=7401. (accessed Apr. 24, 2025).

7401
7402
7403
7404

Last Updated

Apr. 24, 2025

§ 7401’s source at ca.gov

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Location: https://california.public.law/codes/commercial_code_section_7401

Original Source: Section 7401, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=7401. (last accessed Apr. 24, 2025).