# Ind. Code § 26-1-7-203: Liability for nonreceipt or misdescription

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-203

## Section

- **Citation:** Ind. Code § 26-1-7-203
- **Heading:** Liability for nonreceipt or misdescription
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 26 / Article 1 / Chapter 7 / Section 26-1-7-203

## Text

Sec. 203. A party to or purchaser for value in good faith of a document of title, other than a bill of lading, that relies upon the description of the goods in the document may recover from the issuer damages caused by the nonreceipt or misdescription of the goods, except to the extent that:

(1) the document conspicuously indicates that the issuer does not know whether all or any part of the goods in fact were received or conform to the description, such as a case in which the description is in terms of marks or labels or kind, quantity, or condition, or the receipt or description is qualified by "contents, condition, and quality unknown", "said to contain", or words of similar import, if the indication is true; or

(2) the party or purchaser otherwise has notice of the nonreceipt or misdescription.

Formerly: Acts 1963, c.317, s.7-203. As amended by P.L.143-2007, SEC.32.

## Nearby sections

- [Ind. Code § 26-1-7-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-101.md)
- [Ind. Code § 26-1-7-102 Definitions and index of definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-102.md)
- [Ind. Code § 26-1-7-103 Relation of chapter to other laws](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-103.md)
- [Ind. Code § 26-1-7-104 Negotiable and nonnegotiable warehouse receipt, bill of lading, and other document of title](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-104.md)
- [Ind. Code § 26-1-7-105 Tangible substitute for electronic document of title](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-105.md)
- [Ind. Code § 26-1-7-106 Control of electronic document of title; exclusive power; control on behalf of a person](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-106.md)
- [Ind. Code § 26-1-7-201 Who may issue a warehouse receipt; storage under government bond](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-201.md)
- [Ind. Code § 26-1-7-202 Form of warehouse receipt; essential terms; optional terms](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-202.md)
- [Ind. Code § 26-1-7-203 Liability for nonreceipt or misdescription](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-203.md)
- [Ind. Code § 26-1-7-204 Duty of care; contractual limitation of warehouse's liability](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-204.md)
- [Ind. Code § 26-1-7-205 Title under warehouse receipt defeated in certain cases](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-205.md)
- [Ind. Code § 26-1-7-206 Termination of storage at warehouse's option](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-206.md)
- [Ind. Code § 26-1-7-207 Goods must be kept separate; fungible goods](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-207.md)
- [Ind. Code § 26-1-7-208 Altered warehouse receipts](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-208.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C7_S26-1-7-203. Check the current official text before relying on it. Not legal advice.