Section 12A:7-401 - Irregularities in issue of receipt or bill or conduct of issuerThe obligations imposed by this Chapter on an issuer apply to a document of title even if:
a. The document does not comply with the requirements of this Chapter or of any other statute, rule, or regulation regarding its issuance, form, or content;b. The issuer violated laws regulating the conduct of its business;c. The goods covered by the document were owned by the bailee when the document was issued; ord. The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.Amended by L., c. 65,s. 2, eff. 7/1/2013.