Sec. 7201.
(1) A warehouse receipt may be issued by any warehouse.
(2) If distilled spirits, agricultural commodities, or any other goods 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 considered to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87, Eff. July 1, 2013
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 7 - Warehouse Receipts, Bills of Lading and Other Documents of Title (440.7101...440.7702)
174-1962-7-2 - Part 2 Warehouse Receipts: Special Provisions (440.7201...440.7210)
Section 440.7201 - Warehouse Receipt; Issuance; Storage Under Government Bond.
Section 440.7202 - Terms of Receipt; Form; Contrary Provisions.
Section 440.7203 - Liability for Nonreceipt or Misdescription.
Section 440.7205 - Fungible Goods; Buyer's Title.
Section 440.7207 - Separation of Goods; Commingling of Fungible Goods; Overissued Receipts.
Section 440.7208 - Alteration of Warehouse Receipts.
Section 440.7209 - Warehouse's Lien; Security Interest; "Household Goods" Defined; Loss of Lien.
Section 440.7210 - Warehouse's Lien; Enforcement Procedure; Liability for Noncompliance.