A Treatise On the Law of Collateral Securities And Pledges

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S37.
need not be any writing to pledge a ^'Rev. Stat. 1883, ch. 31, § 4.
warehouse receipt, but such pledge " 1 Rev. Laws 1902, ch. 69, § S.
may be created by a mere delivery. " 1 Pub. Gen. Laws 1904, p. 361, § 7.
§ 293a COLLATERAL SECURITIES. 348 a negotiable receipt and instrument to all intents and effects with- in the meaning and operation of this article.
§ 293a. Michigan.*' — Warehouse receipts are not required to be in any particular form but there must be contained in them (a) the locat
...ion where goods are stored, (b) the date the receipt is issued, (c) its number, (d) a statement whether the goods received will be delivered to the bearer, to a specified person, or to a specified person or his order, (e) the rate of storage charges, (f) description of the goods or packages, (g) signature of the warehouseman, which may be made by his agent, (h) if issued for goods owned by the warehouseman either solely or jointly or in common with others, the fact of such ownership and (i), a statement of the amount of advances made and liabilities in- curred for which the w^irehouseman claims a lien.

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