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Section 21: Warehouseman not to deal in or land money against goods in warehouse, Act LVIII of 1962

The Uttar Pradesh Warehouse Act, 1958State Act of Uttar Pradesh · Act 3 of 1959

[21. (1) No warehouseman shall either on his own account or that of others including the owner of the goods, deal in, or lend money on, goods received by him for deposit in his warehouse, anything to the contrary contained in any other law notwithstanding.

(2) The provisions of sub-section (1) shall not apply to-

(i) a Warehousing Corporation established or deemed to be established under the Warehousing Corporations Act, 1962, except in regard to the restriction on its power to lend money on goods received by it for deposit in its warehouse: or

(ii) a co-operative acciety.]

Where this provision sits

ActThe Uttar Pradesh Warehouse Act, 1958
Section21
Marginal noteWarehouseman not to deal in or land money against goods in warehouse, Act LVIII of 1962
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted. Subs. by sec. 13 ibid.

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