Sec. 20. A licensee may issue a receipt for grain owned by the licensee in whole or in part, located in the licensee’s facility. The negotiation, transfer, sale, or pledge of the receipt shall not be defeated by reason of the licensee’s ownership.

Formerly: Acts 1973, P.L.268, SEC.1. As amended by P.L.3-1989, SEC.150; P.L.125-1997, SEC.42.