If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good-faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor.
Cal. Com. Code § 7208
Warehouse Receipts: Special Provisions
Known as the Uniform Commercial Code
The act spans §§ 1101 to 12107 (623 sections).
Repealed and added by Stats. 2006, Ch. 254, Sec. 49
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.