2001 Minnesota Statutes

     336.7-203 Liability for nonreceipt or misdescription.  

    A party to or purchaser for value in good faith of a 
 document of title other than a bill of lading relying in either 
 case upon the description therein of the goods may recover from 
 the issuer damages caused by the nonreceipt or misdescription of 
 the goods, except to the extent that the document conspicuously 
 indicates that the issuer does not know whether any part or all 
 of the goods in fact were received or conform to the 
 description, as where 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 the like, if such indication be 
 true, or the party or purchaser otherwise has notice.  

    HIST: 1965 c 811 s 336.7-203