Okla. Stat. tit. 12A § 7-202

Current through Laws 2024, c. 453.
Section 7-202 - Form of warehouse receipt - Effect of omission
(a) A warehouse receipt need not be in any particular form.
(b) Unless a warehouse receipt provides for each of the following, the warehouse is liable for damages caused to a person injured by the omission:
(1) a statement of the location of the warehouse where the goods are stored;
(2) the date of issue of the receipt;
(3) the unique identification code of the receipt;
(4) a statement whether the goods received will be delivered to the bearer, to a named person, or to a named person or its order;
(5) the rate of storage and handling charges, unless goods are stored under a field warehousing arrangement, in which case a statement of that fact is sufficient on a nonnegotiable receipt;
(6) a description of the goods or of the packages containing them;
(7) the signature of the warehouse or its agent;
(8) if the receipt is issued for goods that the warehouse owns, either solely, jointly, or in common with others, a statement of the fact of that ownership; and
(9) a statement of the amount of advances made and of liabilities incurred for which the warehouse claims a lien or security interest, unless the precise amount of advances made or liabilities incurred, at the time of the issue of the receipt, is unknown to the warehouse or to its agent that issued the receipt, in which case a statement of the fact that advances have been made or liabilities incurred and the purpose of the advances or liabilities is sufficient.
(c) A warehouse may insert in its receipt any terms that are not contrary to the provisions of the Uniform Commercial Code and do not impair its obligation of delivery under Section 7-403 of this title or its duty of care under Section 7-204 of this title. Any contrary provisions are ineffective.

Okla. Stat. tit. 12A, § 7-202

Laws 1961, p. 141, § 7-202; Amended by Laws 2005 , HB 2035, c. 140, § 7, eff. 1/1/2006.

Oklahoma Code Comment

Prior Statutory Provisions:

2 O.S. § 9-62.

Text and derivation of prior provisions, see Appendix at end of this title.

Comment:

(1) and (2) These are almost identical to Section 2 of the Uniform Warehouse Receipts Act. This section was adopted by Oklahoma in 1915, Session Law 1915, Ch. 288, p. 549, but was repealed in 1951. The probable reason for its repeal was the adoption of former 81 O.S. §407, presently 2 O.S. § 9-28, which provides that warehouse receipts shall be in a form prescribed and designed by the State Board of Agriculture. However, this section applies only to warehousemen storing a limited number of farm products. See definition of "public warehouseman," 2 O.S. §9-21. It apparently does not apply to the storage of ordinary merchandise. The General Warehouse Law, which was enacted in 1919, and appeared in the 1941 Oklahoma Statutes as Chapter 5 of Title 81, was repealed in 1951. There have been therefore, no statutes in Oklahoma governing warehousemen, except those of a limited nature included in 2 O.S. § 9-21 The Commercial Code therefore fills this void.

(3) Substantially the same as former 2 O.S. § 9-62.