400.7-201. Who may issue a warehouse receipt — storage under government bond. — (a) A warehouse receipt may be issued by any warehouse.
(b) If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
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(L. 1963 p. 503 § 7-201, A.L. 2017 H.B. 34)