80-4-526. Warehouse receipts -- written terms. - Montana Statutes

     80-4-526. Warehouse receipts -- written terms. (1) Warehouse receipts under this part must contain in written terms:
     (a) a statement that the warehouse is operated under a license issued by the department;
     (b) a statement showing whether it is an original, duplicate, triplicate, or other copy;
     (c) a statement showing the name of the warehouse;
     (d) a statement showing the name of the city or town where the warehouse is located;
     (e) the date the warehouse receipt is issued;
     (f) the number of the warehouse receipt. All receipts must be numbered consecutively.
     (g) a statement that the grain is "received in store" from the person named;
     (h) a statement of gross weight, dockage, and net weight and the sample report used for grade and protein analysis;
     (i) a statement of encumbrances, such as cash or other advances;
     (j) a statement that, upon the return of the receipt properly endorsed by the person to whom the order was issued and the payment of the proper charges for storing and handling, delivery will be made in accordance with this part;
     (k) a statement that the grain is properly insured for the benefit of the owner; and
     (l) the name of the manager or agent of the warehouse.
     (2) The face of the warehouse receipt may also provide for other statements, such as:
     (a) the scale weight ticket numbers or the assembly sheet number;
     (b) the grade; and
     (c) the protein certificate used.
     (3) The back of the warehouse receipt may include printed statements, such as:
     (a) delivery provisions;
     (b) actual-delivery-of-grain provisions;
     (c) bailment provisions provided for in Title 30, chapter 7, part 2, that do not conflict with this part;
     (d) act-of-God provisions;
     (e) nonnegotiable provisions; and
     (f) endorsements and other statements pertinent to bookkeeping data whenever the statements do not conflict with any state or federal law pertaining to public warehousing or the grading or testing of grain.
     (4) A copy of the warehouse receipt issued by the warehouse operator must accompany each application for a warehouse operator's license.

     History: En. Sec. 33, Ch. 539, L. 1983; amd. Sec. 20, Ch. 452, L. 1993; amd. Sec. 3, Ch. 168, L. 2001.