Any warehousing corporation organized, formed, operated, owned or controlled by an association formed under Chapter 47 of Title 33 or in which any such association shall have an interest, own stock or be a member may issue legal warehouse receipts to the association or to any other person and such legal warehouse receipts shall be considered as adequate collateral to the extent of the current value of the commodity represented thereby. In case a warehouse of such a corporation is licensed or bonded under the laws of this State or the United States its warehouse receipt shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the association.
HISTORY: 1962 Code Section 69-8; 1952 Code Section 69-8; 1942 Code Section 6519; 1932 Code Section 6519; Civ. C. '22 Section 3423; 1921 (32) 339.
Structure South Carolina Code of Laws
Chapter 19 - Warehouses And Warehousemen Generally
Section 39-19-10. Persons and corporations who must become public warehousemen.
Section 39-19-20. Warehousemen must give bond.
Section 39-19-30. Actions against warehouseman.
Section 39-19-40. Warehouseman must insure property on request.
Section 39-19-50. Damages for use of cotton on storage without consent of owners.
Section 39-19-70. Warehouseman shall keep transactions; inspection.
Section 39-19-210. "Warehouseman" defined.
Section 39-19-220. Maximum rates for handling and selling leaf tobacco; statement of charges.
Section 39-19-230. Warehousemen must keep record of amount of tobacco sold.
Section 39-19-290. Civil penalty for violating maximum rates provision; action to recover penalty.
Section 39-19-410. Declaration of purpose.
Section 39-19-420. "Warehouseman" defined.
Section 39-19-440. Delivery records must be kept by warehouseman or cooperative.
Section 39-19-450. Information ticket or card must be placed on tobacco.
Section 39-19-460. Tickets or cards and tobacco must be open to inspection.
Section 39-19-470. Retention of tickets or cards after sale.
Section 39-19-480. Failure to give true name is a misdemeanor.
Section 39-19-490. Offenses by warehousemen or cooperatives.
Section 39-19-500. Sale of tobacco in name other than that of true owner.