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Current as of January 01, 2024 | Updated by Findlaw Staff
A warehouseman shall provide a warehouse receipt that must:
1. Be issued only upon the actual delivery of grain to the warehouse for storage.
2. Contain the following provisions:
a. The place and date the grain was received;
b. The name and address of the owner of the grain;
c. The kind and grade of the grain according to the official standards established by the secretary of agriculture of the United States, except that receipts issued for dry edible beans must reference, in lieu of a grade designation, the number of the scale tickets containing a description of the beans, including the percentage of foreign material, splits, check seed coats, total pick, and moisture; and
d. The gross weight, dockage, and net weight of the grain according to this state's standard weight.
3. Be numbered consecutively, and no two receipts bearing the same number and series may be issued during the same year.
4. Not be altered by any warehouseman by the insertion in the receipt of any language limiting or modifying its liability as imposed by the law.
5. Contain, either on its face or reverse side, the warehouse and storage contract provided for in section 4.1-58-19.
6. Have printed upon the receipt the following words: “All storage contracts on grain in store at public grain warehouses terminate on __________, as identified in the publication required by section 4.1-58-19. If storage charges and warehouseman's advances remain unpaid at the time of termination, the warehouseman may sell a sufficient amount of grain to pay the charges and advances. The receiptholder shall surrender the receipt to the issuing warehouseman for settlement.”
Cite this article: FindLaw.com - North Dakota Century Code Title 4.1. Agriculture § 4.1-58-18. Warehouse receipt--Contents and provisions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-4-1-agriculture/nd-cent-code-sect-4-1-58-18/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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