Montana Code 30-7-201. Person that may issue a warehouse receipt — storage under government bond
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30-7-201. Person that may issue a warehouse receipt — storage under government bond. (1) A warehouse receipt may be issued by any warehouse.
Terms Used In Montana Code 30-7-201
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Montana Code 30-7-102
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Statute: A law passed by a legislature.
- Warehouse: means a person engaged in the business of storing goods for hire. See Montana Code 30-7-102
(2)If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.