Section 11-7-401. Irregularities in issue of receipt or bill or conduct of issuer

   The obligations imposed by this article on an issuer apply to a document of title even if:

   (1) The document does not comply with the requirements of this article 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.

Code 1933, § 109A-7--401, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 2010, p. 481, § 1-1/HB 451.