1999 Minnesota Statutes

     336.7-204 Duty of care; contractual limitation of 
  warehouse operator's liability.  

    (1) A warehouse operator is liable for damages for loss of 
 or injury to the goods caused by the operator's failure to 
 exercise such care in regard to them as a reasonably careful 
 person would exercise under like circumstances but unless 
 otherwise agreed the warehouse operator is not liable for 
 damages which could not have been avoided by the exercise of 
 such care.  

    (2) Damages may be limited by a term in the warehouse 
 receipt or storage agreement limiting the amount of liability in 
 case of loss or damage, and setting forth a specific liability 
 per article or item, or value per unit of weight, beyond which 
 the warehouse operator shall not be liable; provided, however, 
 that such liability may on written request of the bailor at the 
 time of signing such storage agreement or within a reasonable 
 time after receipt of the warehouse receipt be increased on part 
 or all of the goods thereunder, in which event increased rates 
 may be charged based on such increased valuation, but that no 
 such increase shall be permitted contrary to a lawful limitation 
 of liability contained in the warehouse operator's tariff, if 
 any.  No such limitation is effective with respect to the 
 warehouse operator's liability for conversion to the warehouse 
 operator's own use.  

    (3) Reasonable provisions as to the time and manner of 
 presenting claims and instituting actions based on the bailment 
 may be included in the warehouse receipt or tariff.  

    HIST: 1965 c 811 s 336.7-204; 1986 c 444