Ohio Code 1307.201 – Person that may issue a warehouse receipt; storage under bond – UCC 7-201
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Person that may issue a warehouse receipt; storage under bond [UCC 7-201]
Terms Used In Ohio Code 1307.201
- Bond: includes an undertaking. See Ohio Code 1.02
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Statute: A law passed by a legislature.
(A) A warehouse receipt may be issued by any warehouse.
(B) 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 deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.