Idaho State Statutes - Idaho Attorney Directory

PARTIAL WITHDRAWAL OF COMMODITIES -- ADJUSTMENT OR SUBSTITUTION
OF RECEIPT -- DUTIES OF WAREHOUSEMAN. When partial withdrawal of an
agricultural commodity is made by a depositor, the warehouseman shall make
appropriate notation thereof on the depositor's nonnegotiable receipt or on
other records. If the warehouseman has issued a negotiable receipt to the
depositor he shall claim, cancel, and replace it with a negotiable receipt
showing the amount of the depositor's agricultural commodity remaining in the
warehouse. For failure to claim and cancel a negotiable receipt which has been
issued by him, a warehouseman shall be liable to anyone who purchases such
receipt for value and in good faith, for failure to deliver all the
agricultural commodity specified in the receipt, whether such purchaser
acquired title to the negotiable receipt before or after delivery of any part
of the agricultural commodity by the warehouseman.

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