North Carolina General Statutes 25-7-208. Altered warehouse receipts
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Terms Used In North Carolina General Statutes 25-7-208
- Issuer: means a bailee that issues a document of title or, in the case of an unaccepted delivery order, the person that orders the possessor of goods to deliver. See North Carolina General Statutes 25-7-102
- Warehouse: means a person engaged in the business of storing goods for hire. See North Carolina General Statutes 25-7-102
If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good-faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor. (1917, c. 37, s. 13; C.S., s. 4053; 1965, c. 700, s. 1; 2006-112, s. 25.)