34-254. Negotiable receipts must be canceled when grain delivered. - Kansas Statutes

34-254

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

      34-254.   Negotiable receipts must be canceled when grain delivered.Except as provided in K.S.A. 34-276, where a warehouseman deliversgrain for which he has issued a negotiable receipt, the negotiation ofwhich would transfer the right to the possession of the grain, and failsto take up and cancel the receipt, he shall be liable to anyone whopurchases for value in good faith such receipt for failure to deliverthe grain to him, whether such purchaser acquired title to the receiptbefore or after the delivery of the grain by the warehouseman.

      History:   L. 1931, ch. 194, § 32; July 1.