Michigan § 444.10 - Warehouse receipts; issuance as security for loans or debts.
Full text of Michigan Michigan Compiled Laws § 444.10 — Warehouse receipts; issuance as security for loans or debts., with citation guidance and answers to common questions.
§ 444.10. Warehouse receipts; issuance as security for loans or debts.
No warehouseman shall issue any receipt or voucher for any personal property to any person, persons or corporation as security for any money loaned or for other indebtedness or indemnity, unless such property so receipted for shall be, at the time of issuing such receipt or voucher, the property, without encumbrance, of said warehouseman, and shall be actually in store and under the control of said warehouseman at the time of giving such receipt or voucher, and if such property be encumbered by prior lien, then the character, extent and amount of that lien shall be fully set forth and explained in the receipt.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 444.10
What does Michigan Compiled Laws § 444.10 cover?
Section 444.10 ("Warehouse receipts; issuance as security for loans or debts.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 444.10?
A common citation format is "Michigan Compiled Laws § 444.10" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 444.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.