134.205 Warehouse keepers to keep register; liability for damages; penalty for fraud. - Wisconsin Statutes

134.205

134.205 Warehouse keepers to keep register; liability for damages; penalty for fraud.

134.205(1)

(1) Every warehouse keeper shall keep in the office in which the business of the warehouse is transacted a register in which shall be entered with reference to each receipt issued, the facts specified in s. 407.202 (2). When the warehouse keeper ceases to be responsible for the delivery of the property described in the receipt, the fact and date of the delivery of the property and such other facts as may terminate liability on such receipt shall be entered in such register in connection with the original entry.

134.205(2)

(2) Such register shall be open to the inspection of the owner or holder of any such receipt, or of any person who presents the same at the office of the warehouse keeper.

134.205(3)

(3) The warehouse keeper shall be responsible to any person relying on such entries in good faith for any loss or damage which the person sustains through any failure to make the entries required by this section.

134.205(4)

(4) Whoever, with intent to defraud, issues a warehouse receipt without entering the same in a register as required by this section is guilty of a Class H felony.

134.205 - ANNOT.

History: 1983 a. 500 s. 43; 1993 a. 482; 1997 a. 283; 2001 a. 109.