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2012 Missouri Revised Statutes
TITLE XXVI TRADE AND COMMERCE
Chapter 411 Missouri Grain Warehouse Law
Section 411.531 Failure to take up and cancel receipt--warehouseman liable--when.
Universal Citation:
MO Rev Stat § 411.531 (2012)
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Failure to take up and cancel receipt--warehouseman liable--when.
411.531. Except as provided, where a warehouseman delivers grain for which he had issued a negotiable receipt, the negotiation of which would transfer the right to the possession of the grain, and fails to take up and cancel the receipt, he shall be liable to anyone who purchases for value in good faith the receipt, for failure to deliver the grain to him whether the purchaser acquired title to the receipt before or after the delivery of the grain by the warehouseman.
(L. 1965 p. 606)
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