The obligations imposed by this title on an issuer apply to a document of title even if:
(1) The document does not comply with the requirements of this title 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.
Structure Maryland Statutes
Subtitle 4 - Warehouse Receipts and Bills of Lading: General Obligations
Section 7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer
Section 7-402 - Duplicate Receipt or Bill; Overissue
Section 7-403 - Obligation of Bailee to Deliver; Excuse
Section 7-404 - No Liability for Good Faith Delivery Pursuant to Receipt or Bill