(810 ILCS 5/7-401) (from Ch. 26, par. 7-401)
    Sec. 7-401. Irregularities in issue of receipt or bill or conduct of issuer. The obligations imposed by this Article on an issuer apply to a document of title even if:
        (1) the document does not comply with the
requirements of this Article or of any other statute, rule, or regulation regarding its issuance, form, or content;
        (2) the issuer violated laws regulating the conduct
of its business;
        (3) the goods covered by the document were owned by
the bailee when the document was issued; or
        (4) the person issuing the document is not a
warehouse but the document purports to be a warehouse receipt.
(Source: P.A. 95-895, eff. 1-1-09.)