Illinois General Assembly - Illinois Compiled Statutes

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810 ILCS 5/7-201

(810 ILCS 5/7-201) (from Ch. 26, par. 7-201)

Sec. 7-201.

Person that may issue a warehouse receipt;  storage under bond.

(a) A warehouse receipt may be issued by any warehouse.

(b) If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even if  issued by a person that is the owner of the goods and is not a warehouse.

(Source: P.A. 95-895, eff. 1-1-09.)