7 USC 250 - Warehouse receipts

U.S Code last checked for updates: May 08, 2024

§ 250.

Warehouse receipts

(a)

In general

(b)

Actual storage required

(c)

Contents

(d)

Prohibition on additional receipts or other documents

(1)

Receipts

(2)

Other documents

(e)

Electronic receipts and electronic documents

Except as provided in section 242(h)(2) of this title, notwithstanding any other provision of Federal or State law:

(1)

In general

(2)

Electronic receipt or electronic document systems

(3)

Treatment of holder

(4)

Nondiscrimination

(5)

Security interests

(6)

No electronic receipt required

(7)

Option for non-federally licensed warehouse operators

(8)

Application to State-licensed warehouse operators

This subsection shall not apply to a warehouse operator that is licensed under State law to store agricultural commodities in a warehouse in the State if the warehouse operator elects—

(A)

not to issue electronic receipts authorized under this subsection; or

(B)

to issue electronic receipts authorized under State law.

(Aug. 11, 1916, ch. 313, pt. C, § 11, as added Pub. L. 106–472, title II, § 201, Nov. 9, 2000, 114 Stat. 2065.)

cite as: 7 USC 250