[Code of Federal Regulations]
[Title 7, Volume 7]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR738.24]

[Page 294]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 738--WOOL WAREHOUSES--Table of Contents
 
Sec. 738.24  Nonnegotiable receipts.

    Each person to whom a nonnegotiable receipt is issued or the holder 
thereof shall furnish the warehouseman with a statement in writing 
indicating the person or persons having power to authorize delivery of 
wool covered by such receipt together with the genuine bona fide 
signature of such person or persons. No licensed warehouseman shall 
honor an order for the release of wool covered by a nonnegotiable 
receipt until he has first ascertained that the person issuing the order 
has authority to order such release and that the signature of the 
releasing party is genuine.