<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="7-401" title_number="7" title_name="Documents of Title" subtitle_number="4" subtitle_name="Warehouse Receipts and Bills of Lading: General Obligations">
  <text>The obligations imposed by this title on an issuer apply to a document of title even if:</text>
  <level label="1">
    <text>The document does not comply with the requirements of this title or of any other statute, rule, or regulation regarding its issuance, form, or content;</text>
  </level>
  <level label="2">
    <text>The issuer violated laws regulating the conduct of its business;</text>
  </level>
  <level label="3">
    <text>The goods covered by the document were owned by the bailee when the document was issued; or</text>
  </level>
  <level label="4">
    <text>The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.</text>
  </level>
</section>
