554.7202  Form of warehouse receipt--essential terms--optional terms.

1.  A warehouse receipt need not be in any particular form.

2.  Unless a warehouse receipt embodies within its written or printed terms each of the following, the warehouse operator is liable for damages caused by the omission to a person injured thereby:

a.  the location of the warehouse where the goods are stored;

b.  the date of issue of the receipt;

c.  the consecutive number of the receipt;

d.  a statement whether the goods received will be delivered to the bearer, to a specified person, or to a specified person or that person's order;

e.  the rate of storage and handling charges, except that where goods are stored under a field warehousing arrangement a statement of that fact is sufficient on a nonnegotiable receipt;

f.  a description of the goods or of the packages containing them;

g.  the signature of the warehouse operator, which may be made by the warehouse operator's authorized agent;

h.  if the receipt is issued for goods of which the warehouse operator is owner, either solely or jointly or in common with others, the fact of such ownership; and

i.  a statement of the amount of advances made and of liabilities incurred for which the warehouse operator claims a lien or security interest (section 554.7209). If the precise amount of such advances made or of such liabilities incurred is, at the time of the issue of the receipt, unknown to the warehouse operator or to the warehouse operator's agent who issues it, a statement of the fact that advances have been made or liabilities incurred and the purpose thereof is sufficient.

3.  A warehouse operator may insert in the receipt any other terms which are not contrary to the provisions of this chapter and do not impair the warehouse operator's obligation of delivery (section 554.7403) or duty of care (section 554.7204). Any contrary provisions shall be ineffective.

Section History: Early form

  [S13, § 3138-a2, -a7; C24, 27, 31, 35, § 975-g19; C39, § 9662, 9667, 9751.19; C46, 50, 54, 58, 62, § 542.2, 542.7, 543.21; C66, 71, 73, 75, 77, 79, 81, § 554.7202]

Internal References

  Referred to in § 203C.18


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