(a) Each person to whom a nonnegotiable receipt is issued shall furnish the warehouseman with a statement in writing, indicating the person having power to authorize delivery of grain covered by the receipt, together with the bona fide signature of the person.
(b) No licensed warehouseman shall honor an order for the release of grain covered by a nonnegotiable receipt until he or she has first ascertained that the person issuing the order has authority to order the release and that the signature of the releasing party is genuine.
Structure Arkansas Code
Chapter 17 - Warehousing of Grain
Subchapter 2 - Public Warehouses — Generally
§ 2-17-207. License applications
§ 2-17-208. Filing schedule of charges
§ 2-17-211. Issuance or denial of license
§ 2-17-212. Posting of license
§ 2-17-213. Annual license fee
§ 2-17-214. Renewal of license
§ 2-17-215. Suspension, cancellation, or revocation of licenses
§ 2-17-216. Replacement of license
§ 2-17-217. Net assets required
§ 2-17-218. Insurance required
§ 2-17-219. Receipt of tendered grain
§ 2-17-220. Receipts and records
§ 2-17-221. Contents of receipts
§ 2-17-222. Preparation of forms for warehouse receipts
§ 2-17-223. Numbering of receipts
§ 2-17-225. Accuracy of receipts
§ 2-17-226. Duty of warehouseman to deliver grain
§ 2-17-229. Verification of signature
§ 2-17-230. Sale or pledge of receipts
§ 2-17-231. Accepting grain for shipment
§ 2-17-233. Duty to maintain quality of grain
§ 2-17-234. Records to be maintained
§ 2-17-235. Examinations and inspections
§ 2-17-236. Insolvent warehouses