Section 251 Investments and Securities Act

Section 251 of the Investments and Securities Act 2025 is about Obligation to deliver commodities to persons with valid titles or right. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows:

(1) A warehouse operator shall take all necessary precautions to ensure that the delivery of commodities is made to a person who has lawfully obtained a warehouse receipt.

(2) A warehouse operator’s title or right to the possession of commodities shall only be derived —
(a) directly or indirectly from a transfer made by a depositor at the time of or subsequent to deposit of commodities; or

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