Bill
Bill > S1125
summary
Introduced
02/15/2019
02/15/2019
In Committee
03/15/2019
03/15/2019
Crossed Over
02/26/2019
02/26/2019
Passed
Dead
Signed/Enacted/Adopted
03/21/2019
03/21/2019
Introduced Session
2019 Regular Session
Bill Summary
WAREHOUSES -- Amends existing law to provide for electronic negotiable warehouse receipts.
AI Summary
This bill amends existing law to provide for electronic negotiable warehouse receipts. It allows agricultural commodity warehouses to issue electronic negotiable warehouse receipts, which will have the same validity and enforceability as paper receipts. The bill also requires the Idaho Department of Agriculture to promulgate rules necessary for the implementation and operation of the electronic system. Additionally, it maintains penalties for removing commodities from a warehouse without returning and canceling the outstanding negotiable warehouse receipts.
Committee Categories
Agriculture and Natural Resources, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Affairs Committee (Senate)
Last Action
Session Law Chapter 163 Effective: 07/01/2019 (on 03/21/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2019/legislation/S1125/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2019/legislation/S1125.pdf |
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