Oregon Statutes 77.4010 – Irregularities in issue of receipt or bill or conduct of issuer
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The obligations imposed by this chapter on an issuer apply to a document of title even if:
Terms Used In Oregon Statutes 77.4010
- Bailee: means a person that by a warehouse receipt, bill of lading or other document of title acknowledges possession of goods and contracts to deliver them. See Oregon Statutes 77.1020
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Oregon Statutes 77.1020
- 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 Oregon Statutes 77.1020
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Statute: A law passed by a legislature.
- Warehouse: means a person engaged in the business of storing goods for hire. See Oregon Statutes 77.1020
(1) The document does not comply with the requirements of this chapter or of any other statute, rule or regulation regarding its issuance, form or content;
(2) The issuer violated laws regulating the conduct of its business;
(3) The goods covered by the document were owned by the bailee when the document was issued; or
(4) The person issuing the document is not a warehouse but the document purports to be a warehouse receipt. [1961 c.726 § 77.4010; 2009 c.181 § 73]