Page:United States Statutes at Large Volume 76A.djvu/253

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–157–

-157Subchapter III—Storage § 1741. Deposit for hire A deposit not gratuitous is called storage. The depositary in such a case is a depositary for hire. § 1742. Degree of care required A depositary for hire shall use at least ordinary care for the preservation of the thing deposited. § 1743. Compensation for fraction of week or month I n the absence of a diflferent agreement or usage, a depositary for hire is entitled to one week's hire for the sustenance and shelter of living animals during any fraction of a week, and to luilf a month's hire for the storage of any other property during any fraction of a half-month. § 1744. Termination of deposit (a) I n the absence of an agreement as to the length of time during which a deposit is to continue, it may be terminated by the depositor at any time, and by the depositary upon reasonable notice. (b) Notwithstanding an agreement respecting the length of time during which a deposit is to continue, it may be terminated by the depositor on paying all that would become due to the depositary in case of the deposit so continuing. § 1745. Depositary's lien (a) A depositary for hire has a lien for: (1) storage charges; (2) advances and insurance incurred at the request of the depositor; (3) money necessarily expended in and about the care, preservation, and keeping of the property stored; (4) money advanced at the request of the depositor, to discharge a prior lien; and (5) the expenses of a sale where default has been made in satisfying a valid lien. (b) The rights of the depositary for hire to the lien are regulated by chapters 97 et seq., of this title, on liens. The lien may be enforced in the manner provided by sections 1806, 1808 and 1809 of this title, relating to warehousemen. § 1746. Sale to satisfy lien If from any cause other than want of ordinary care and diligence on his part, a depositary for hire is unable to deliver perishable property, baggage, or luggage received by him for storage, or to collect his charges for storage due thereon, he may cause the property to be sold to satisfy his lien for storage in accordance with sections 18061809 of this title relating to warehousemen. Subchapter IV—Warehouse Receipts Article A—The Issue of Warehouse Receipts § 1771. Persons who may issue receipts A warehouse receipt may be issued by any warehouseman. § 1772. Form of receipts; essential terms A warehouse receipt need not be in any particular form, but must embody within its written or printed terms: (1) the location of the warehouse where the goods are stored; (2) the date of issue of the receipt; (3) the consecutive number of the receipt;