Section 436.1817. Warehouse receipts.

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A person shall not sell, offer for sale or in any manner assign or transfer in this state warehouse receipts for spirits, wherever the spirits are located, except as follows:

(a) An isolated transaction in which a warehouse receipt for spirits is sold, offered for sale or delivered by a bona fide   owner or pledgee thereof, such sale or offer for sale or delivery not being made   in the course of repeated or successive transactions of a like character by the owner or pledgee, and the owner or pledgee not being a dealer or issuer or salesman of such warehouse receipts.

(b)   A sale of warehouse receipts for spirits by a manufacturer.

(c)   A sale made to a bank, trust company, insurance company, or broker or dealer in warehouse receipts for spirits.

History: 1979 AC.

                    
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