[Code of Federal Regulations]
[Title 7, Volume 7, Parts 700 to 899]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR737.16]

[Page 273-274]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 737--TOBACCO WAREHOUSES--Table of Contents
 
Sec. 737.16  Form.

    (a) Every receipt, whether negotiable or nonnegotiable, issued for 
tobacco stored in a licensed warehouse shall, in addition to complying 
with the requirements of section 18 of the act, embody within its 
written or printed terms the following: (1) The name of the warehouseman 
and the designation, if any, of the warehouse, (2) the license number of 
the warehouseman, (3) the number of the bonded compartment, if any, in 
which the tobacco is stored, (4) a statement whether the warehouseman is 
incorporated or unincorporated, and if incorporated, under what laws, 
(5) in the event the relationship existing between the warehouseman and 
any depositor is not that of strictly disinterested custodianship, a 
statement setting forth the actual relationship, (6) the identification 
number given to each package in accordance with Sec. 737.33, (7) a 
statement, conspicuously placed, indicating whether the tobacco is 
insured by the warehouseman, and, if insured, to what extent against 
loss or damage by fire, lightning, or tornado, and (8) the words 
``Negotiable'' or ``Not negotiable'', according to the nature of the 
receipt, clearly and conspicuously printed or stamped thereon.
    (b) Every receipt, whether negotiable or nonnegotiable, issued for 
tobacco stored in a warehouse shall specify a period, not exceeding 3 
years, for which the tobacco is accepted for storage under the act and 
the regulations in this part, but upon demand and the surrender of the 
receipt by the lawful holder thereof at or before the expiration of the 
specified period, the warehouseman, so far as the available capacity of 
his warehouse then permits and upon such lawful terms and conditions as 
may be granted by him at such time to other depositors of tobacco in the 
warehouse, if he then continues to act as a licensed warehouseman, may 
either extend the original receipt by making an appropriate notation 
thereon or issue a new receipt for a further specified period not 
exceeding 3 years, provided it is actually determined by a licensed 
inspector that the tobacco has

[[Page 274]]

not deteriorated and that it is in proper condition for further storage.
    (c) Every negotiable receipt issued for tobacco stored in a licensed 
warehouse shall, in addition to complying with the requirements of 
paragraphs (a) and (b) of this section, embody within its written or 
printed terms a form of indorsement which may be used by the depositor, 
or his authorized agent, for showing the ownership of, and liens, 
mortgages, or other encumbrances on the tobacco covered by the receipt.
    (d) Whenever the type, grade, form, or condition is required to be 
or is stated in a receipt for tobacco stored in a licensed warehouse, it 
shall be stated in accordance with Sec. 737.69. Whenever the grade is 
stated in such receipt, the type, form, and condition also must be 
stated.
    (e) If a warehouseman issues a receipt under the act omitting any 
information, not required to be stated, for which a blank space is 
provided in the form of the receipt, a line shall be drawn through such 
space to show that such omission has been made.

(Approved by the Office of Management and Budget under control number 
0560-0120)

[SRA, BAE 129, rev.; 7 FR 6806, Aug. 29, 1942; 13 FR 8731, Dec. 30, 
1948; 19 FR 57, Jan. 6, 1954, as amended at 47 FR 745, Jan. 7, 1982. 
Redesignated at 50 FR 1814, Jan. 14, 1985]