Warehouse Agreement Sec

(d) A warehouse may purchase at any public sale in accordance with this section. A buyer in the normal course of business of fungible goods sold and delivered by a warehouse that is also engaged in the activity of buying and selling such goods shall indemnify the goods from any claim arising from a warehouse receipt, even if the receipt has been negotiable and properly negotiated. (a) a customs warehouse may, by notifying the person on whohalf of the goods and any other person known to have an interest in the goods, request payment of any costs and removal of the goods from the warehouse after the expiry of the storage period provided for in the ownership document or, if a time limit has not been set: within a specified period at least 30 days after the announcement by the warehouse. If the goods are not collected by the date indicated in the notice, the warehouse may sell them in accordance with § 7210. 8. where the receipt is issued in respect of goods belonging to the warehouse, jointly or jointly, a declaration on the fact of those goods; and (9) a statement of the amount of advances paid and debts incurred in respect of which the warehouse asserts a pledge or interest in security, unless the exact amount of the advances or debts incurred at the time the receipt was issued is not known to the deposit or its representative who issued the receipt, in which case a declaration is sufficient in this respect: that advances or liabilities have been made and the purpose of the advances or liabilities. (b) A warehouse may assert its lien on goods other than goods stored by a trader in the course of its business only if the following conditions are met: (b) A warehouse may also reserve to the secured creditor interest equal to the maximum amount indicated on the receipt for fees other than those referred to in subparagraph (a), as for the money before and the interest. The security interest is based on Division 9 (of § 9101). (e) A warehouse loses its privilege over goods which it provides voluntarily or unjustifiably refuses.

(c) If, by reason of the nature or condition of the goods of which the warehouse was not aware at the time of deposit, the goods constitute a threat to other property, storage facilities or other persons, the warehouse may, without publicity or publication, the warehouse may, after reasonable notice to all persons known to have an interest in the goods, sell for public or private sale. If, after reasonable effort, the warehouse is unable to sell the goods, it may dispose of them in any legal manner and is not liable under this Ordinance. .