49-43-14 Issuance of new receipts--Cancellation of old receipts.
Issuance of new receipts--Cancellation of old receipts.
Upon the payment of all
the accrued charges and the return of the storage receipt, a public warehouseman shall, if requested
by the holder of an outstanding storage receipt, issue a new storage receipt to such holder and cancel
the former receipt by endorsing thereon the words, "Canceled by the issuance of storage receipt No.
________," and inserting the number of the new storage receipt. The canceled storage receipt shall
be signed by the warehouseman and the holder.
Source: SDC 1939, § 60.0316; SL 1985, ch 376, § 35.