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The Vermont Statutes Online
Title
09A
:
Uniform Commercial Code
Chapter
007
:
Documents of Title
§
7-202. Form of warehouse receipt; effect of omission
(a) A warehouse
receipt need not be in any particular form.
(b) Unless a
warehouse receipt provides for each of the following, the warehouse is liable
for damages caused to a person injured by its omission:
(1) a statement
of the location of the warehouse facility where the goods are stored;
(2) the date of
issue of the receipt;
(3) the unique
identification code of the receipt;
(4) a statement
whether the goods received will be delivered to the bearer, to a named person,
or to a named person or its order;
(5) the rate of
storage and handling charges, unless goods are stored under a field warehousing
arrangement, in which case a statement of that fact is sufficient on a
nonnegotiable receipt;
(6) a description
of the goods or the packages containing them;
(7) the
signature of the warehouse or its agent;
(8) if the
receipt is issued for goods that the warehouse owns, either solely, jointly, or
in common with others, a statement of the fact of that ownership; and
(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 this title and do
not impair its obligation of delivery under section 7-403 of this title or its
duty of care under section 7-204 of this title. Any contrary provision is
ineffective. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)