North Dakota Code 4.1-58-16 – Purchase by warehouseman – Form of receipt
1. A warehouseman may print on each warehouse receipt issued by the warehouseman a receipt executed by the owner for use if the grain represented on the receipt is purchased by the warehouseman. The warehouseman shall record the purchase, as to the amount paid per bushel, on the stub record or copy of the warehouseman’s warehouse receipt books. The receipt must be in substantially the following form:
Terms Used In North Dakota Code 4.1-58-16
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
Received from , dollars and cents net, in full payment for the grain represented by this warehouse receipt. Gross price per bushel , storage per bushel , net price per bushel . I certify that I am the owner of the grain for which this receipt was issued, and that there are no liens, chattel mortgages, or other claims against the grain represented by this receipt.
Dated , . Signed Owner.
2. This section does not affect in any manner the conditions of the storage contract specified in sections 4.1-58-19 and 4.1-58-20.