§ 7-202. Form of warehouse receipt; effect of omission
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 7-202
§ 7-202. Form of warehouse receipt; effect of omission
(9) A statement of the amount of advances made and of liabilities incurred for which the warehouse claims a lien or security interest, unless the precise amount of advances made or liabilities incurred, at the time of the issue of the receipt, is unknown to the warehouse or to its agent that issued the receipt, in which case a statement of the fact that advances have been made or liabilities incurred and the purpose of the advances or liabilities is sufficient.
(c) A warehouse may insert in its receipt any terms that are not contrary to the Maryland Uniform Commercial Code1 and do not impair its obligation of delivery under § 7-403 or its duty of care under § 7-204. Any contrary provision is ineffective.
Credits
Added by Acts 2004, c. 95, § 2, eff. Oct. 1, 2004.
Footnotes
Commercial Law, § 1-101 et seq.
MD Code, Commercial Law, § 7-202, MD COML § 7-202
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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