2005 Minnesota 234.27 — Uniform Commercial Code to apply.

     234.27 Uniform Commercial Code to apply. 


    The provisions of article 7 of the Uniform Commercial Code 
 relative to the negotiation, transfer, sale, or endorsement of 
 warehouse receipts, apply, to the extent possible, to the 
 negotiation, transfer, sale, or endorsement of certificates 
 under this chapter.  


    For the purpose of application of the Uniform Commercial 
 Code:  


    (a) A certificate authorized by the department which 
 evidences the storing of grain under this chapter is a document 
 of title as defined in section 336.1-201(b)(16).  


    (b) A person who has title to and possession of grain 
 stored under this chapter is a warehouse as defined in section 
 336.7-102(a)(3). 


    HIST: (5077-41) 1935 c 65 s 27; 1965 c 812 s 8; 1981 c 261 s 
 17; 1986 c 444; 1989 c 197 art 4 s 1; 2004 c 162 art 3 s 7; art 
 6 s 1