Alaska Statutes: AS 45.07.401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer.

Alaska Statutes. Title 45. Trade and Commerce Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title Section 401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer.

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AS 45.07.401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer.

The obligations imposed by this chapter on an issuer apply to a document of title regardless of the fact that

(1) the document may not comply with the requirements of this chapter or of any other law or regulation regarding its issue, form, or content;
(2) the issuer may have violated laws regulating the conduct of the issuer's business;
(3) the goods covered by the document were owned by the bailee at the time the document was issued; or
(4) the person issuing the document does not come within the definition of warehouseman if it purports to be a warehouse receipt.

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