If a blank in a negotiable tangible warehouse receipt has been filled
in without authority, a good-faith purchaser for value and without
notice of the lack of authority may treat the insertion as authorized.
Any other unauthorized alteration leaves any tangible or electronic
warehouse receipt enforceable against the issuer according to its
original tenor.
Structure New York Laws
Article 7 - Documents of Title
Part 2 - Warehouse Receipts: Special Provisions
7-201 - Person That May Issue a Warehouse Receipt; Storage Under Bond.
7-202 - Form of Warehouse Receipt; Effect of Omission.
7-203 - Liability for Nonreceipt or Misdescription.
7-204 - Duty of Care; Contractual Limitation of Warehouse's Liability.
7-205 - Title Under Warehouse Receipt Defeated in Certain Cases.
7-206 - Termination of Storage at Warehouse's Option.
7-207 - Goods Must Be Kept Separate; Fungible Goods.