Section 249 Investments and Securities Act

Section 249 of the Investments and Securities Act 2025 is about Negotiable warehouse receipts. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows:

(1) A warehouse receipt issued to the bearer or to the order of a named person shall be transferable by endorsement and delivery.

(2) Words capable of rendering any warehouse receipts non-negotiable shall not be inserted into such warehouse receipts.