34-245. Failure to mark nonnegotiable or not negotiable. - Kansas Statutes

34-245

Chapter 34.--GRAIN AND FORAGE Article 2.--INSPECTING, SAMPLING, STORING, WEIGHING AND GRADING GRAIN; TERMINAL AND LOCAL WAREHOUSES

      34-245.   Failure to mark nonnegotiable or not negotiable.A nonnegotiable receipt shall be plainly printed or stamped on its faceby the warehouseman issuing it "nonnegotiable" or "not negotiable." In caseof the warehouseman's failure to do so, a holder of the receipt, orreceipts, who purchased it for value, supposing it to be negotiable, may,at his option, treat such receipt as imposing upon the warehouseman thesame liability he would have incurred, had the receipt been negotiable.This section shall not apply, however, to letters of memorandum, or writtenacknowledgment of an informal character.

      History:   L. 1931, ch. 194, § 23; July 1.