84-7-201. Person that may issue a warehouse receipt; storage under bond. (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.

History: L. 2007, ch. 90, § 7; July 1, 2008.

Revisor's Note:

Former section 84-7-201 repealed by L. 2007, ch. 90, § 78 and the number reassigned to the current text.