(1) Except as provided in subsection (2) of this section, every public warehouse complying with the provisions of ORS § 586.210 to 586.730 is exempt from all the provisions of all other laws of this state regulating and licensing warehouses.

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(2) The provisions of ORS Chapter 77 apply to public warehouses complying with the provisions of ORS § 586.210 to 586.730 to the extent that the provisions of ORS Chapter 77 are not inconsistent with the provisions of ORS § 586.210 to 586.730. [Amended by 1955 c.731 § 32; 1961 c.726 § 423; 1995 c.79 § 319; 2009 c.181 § 114]