1. Any remedy provided by this chapter shall not be deemed to preclude any other remedy provided for by common law or under any other statutes. Recovery by a depositor on the warehouseman‘s bond shall not be his sole or exclusive remedy, and shall not bar a civil action against the warehouseman or surety based upon rights or obligations under a storage agreement.

2. The grain warehouseman’s bond shall be paid only to those depositors who are deemed to have a right of recovery against such bond as set forth under the provisions of this chapter.

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Missouri Laws 411.760

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Depositor: any person who deposits grain in a warehouse for storage, handling, shipment, processing, or who is the owner or holder of a warehouse receipt, or who is otherwise lawfully entitled to possession of the grain. See Missouri Laws 411.026
  • Grain: all grains for which standards have been established under the United States Grain Standards Act (Sections 71 to 87 of Title 7, United States Code), and any other agricultural commodities, seeds and vegetable oils prescribed by the director by regulation, except the term "grain" shall not include those commodities deemed not to be grain pursuant to section 411. See Missouri Laws 411.026
  • warehouseman: any person who owns, controls, operates or manages any warehouse whether such owner resides within the state or not. See Missouri Laws 411.026
  Previous section
Next section  
 Chapter 411 Contents