2005 Idaho Code - 69-225 — LOSS OF RECEIPTS -- CONDITIONS OF REISSUE

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 2
                             BONDED WAREHOUSE LAW
    69-225.  LOSS OF RECEIPTS -- CONDITIONS OF REISSUE. While an original
receipt issued under this chapter is outstanding and uncanceled by the
warehouseman issuing the same no other or further receipt shall be issued for
the agricultural commodity covered thereby or for any part thereof. In order
to issue a new warehouse receipt supplementing one that has been lost or
destroyed or to cancel an outstanding warehouse receipt that has been lost or
destroyed, the licensed warehouseman shall require the depositor or other
applicant to submit to the warehouseman: (1) an affidavit stating that he is
lawfully entitled to possession of the original receipt, that he has not
negotiated or assigned it and how the original receipt was lost or destroyed,
and (2) a bond in an amount double the market value of the agricultural
commodity represented by the lost or destroyed receipt. The market value shall
be determined at the time this bond is submitted for the lost receipt. A
warehouse receipt issued in lieu of a lost or destroyed receipt shall
duplicate the original and bear a statement that it is issued in lieu of the
lost or destroyed receipt. A duplicate receipt must clearly state on its face
that it is a duplicate receipt, the number of the receipt it is replacing and
the license number under which the original receipt was issued.