The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-05
making the negotiation, or by
that the owner OF the receipt
Induced BY fraud. mistake, or

tlco OF the breach of duty, or fraud,
mistake or duress.
Sec. As. Where a person having
sold. mortgaged. or pledged goods
which are in a warehouse and for
which a negotiable receipt has been
issued, or having sold, mortgaged, or
pledged the negotiable receipt repre-
senting such goods. continues in pos
session of the negotiable receipt, the
subsequent negotiation thereof by that
person under any sale, or other dispo-
sition thereof to any person receiv-
ing the same in good faith, for value
and without notice of the previous
sale. mortgage or pledge shall have
the same effect as if the first purchas-
er of the goods or receipt had eY-
pressly authorized the subsequent ne
gotiation.
Sec. 40. Where u negotiable receipt
has been issued for goods, no sellers
lien or right of stoppage In transitu
shall defeat the rights of any pur-
chaser for value in good faith to
whom such receipt has been negoti-
ated, whether such negotiation be
prior or subsequent to the notitica-
tion TO the warehouseman who issued
such receipt of the sellers claim to a
lien or right of stoppage in transitu.
Nor shall the wareh0useman be oblig-
ed to deliver or justified in delivering
the goods to an unpaid seller unless
the receipt is first surrendered for
cancellation.
Sec. so. A warehouseman, or any
officer, agent, or servant of ware
houseman, who issues or aids in issu-
ing q receipt knowing that the goods
for which such receipt is issued have
not been actually received by such
warehouseman, or are not under his
actual control at the time of issuing
such receipt, shall for each offense.
be imprisoned not more than five
years, or fined not more than FIVE
thousand dollars, or both.
Sec 81. A warehouseman, or any
officer. agent or servant of a ware
houseman, who fraudulently issues or
aids In fraudulently issuing a receipt
for goods knowing that 1t contains
any false statement shall, for each
)ffense, be imprisoned not more than
one year, or fined not more than one
thousand dollars, or both
Sec. So A warehouseman, or any
fficer agent. or servant of a ware
houseman. who issues or aids in issu-
ng duplicate or additional negoti-
bic receipt for goods knowing that
former negotiable receipt for the
anne goods or any part of them is out
landing and uncancelled, without
lainly placing upon the face thereof
he word duplicate" except in the
ase of lost or destroyed receipt
fter proceedings as provided for in
ection IA, shall for each offense. be
Imprisoned NOT more than five years,
be fined not more than five thou
md dollars, or both.
Sec. SO. Where there are deposited
18th or held by a warehouseman goods
f which he is owner, either solely or
emily or in common with others,
uch warehouseman, or any of his of
GERS agents, or servants who, know
ng this ownership, issues or aids in
suing a negotiable receipt for such
1ods which does not state such own
ship, shall, for each offense. be i'm
risoned not more than one year. or
fined not more than one thousand
lllars or both
Sec. 81. A warehouseman, or any
.hcer. agent, or servant of a ware
3a ouseman who delivers goods out of
he possession of such warehouseman
moving that negotiable receipt the
legotiation of which would transfer
he right to the possession of such
;Oods is outstanding and uncancelled
Without obtaining the possession OF
such receipt at or before the time
IF such delivery shall, except in the
asses provided for in sections II and
SO, for each offense, be imprisoned
not more than one year, or be fined
not more than one thousand dollars
or both.
Sec 90 Any person who deposits
oods to which he has not title, or up
m which there is lien or mortgage
md who takes for such goods T. nego
liable receipt which he afterwards
negotiates for value with intent to de
Give and without disclosing his wan
% title or the existence of the lier
r mortgage shall, for each offense
be imprisoned not moro than one year
or be fined not more than one thou
sand dollars. or both.
Sec. Sc In any case not provided
for In this act. the rules CT law and
equity, including the law merchant
and IN particular the rules rclating
10 the law OF principal and agent anC
10 the effect of fraud, misrepresenta
ion. duress or coercion, mistake
bankruptcy, or other invalldatinf
muse. shall govern.
Sec. 81. This act shall be 80 inter
reted and construed as to effectuat,
IS general purpose TO mako uniform
he law OF those states which enact II
Sec. 5s. % In this act, unless th'
'ntext or subject-mattor otherwise re
lres-
Action" includes set-ofr, and sui
equity.
Delivery" means voluntary trans
~ Of possession from ono person {,
lother.
"Fungible goods" means goods o
hich any unit Is. from its nature Of
v mercantile custom, treated as tn,
1uivslent OF any other unit
Goods" means chattels or mcrchan
sc IN storage. or which has beer
Is about 10 be stored.
Holder OF n receipt means a per
a who has both actual possession
such receipt and q right OF prop
therein.
Order" means an order by indorse
mt on the receipt.
Owner" does not include mortgages
pledgee.
Person" includes corporation o
lrtnership or two or more person
having a joint or common interest.
ITO purchase" includes 10 take a
uortgagee or as piedgee.
Purchaser" includes mortgage AM
Pledge.
apoceiufa means a urarebeuse ~