2017 Alaska Statutes
Title 45. Trade and Commerce
Chapter 07. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Article 4. Warehouse Receipts and Bills of Lading: General Obligations
Sec. 45.07.401. Irregularities in issue of receipt or bill or conduct of issuer.

Universal Citation: AK Stat § 45.07.401 (2017)

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

(1) the document does not comply with the requirements of this chapter or another statute, a regulation, or another rule of law regarding its issuance, form, or content;

(2) the issuer violated laws regulating the conduct of the issuer's 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.

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