Printable Format34-244. Definition of negotiable receipt. A receipt in which it is stated that the grain received will be delivered to the bearer, or to the order of any person named in such receipt, is a negotiable receipt. No provision shall be inserted in a negotiable receipt that will make it nonnegotiable. Such provisions, if inserted, shall be void.
History: L. 1931, ch. 194, ยง 22; July 1.
Attorney General's Opinions:
Lost or destroyed warehouse receipts; indemnity bonds. 85-184.
CASE ANNOTATIONS
1. Discussed; rights of grain owners under insurance policy required by K.S.A. 34-236 determined. Millers Nat'l Ins. Co. v. Bunds, 158 Kan. 662, 663, 675, 149 P.2d 350.
2. Mentioned; bankruptcy proceedings; warehouse receipts obtained in disregard of act; claim denied. Central States Corp. v. Luther, 215 F.2d 38, 42.