47-7602. Judicial process against goods covered by negotiable document of title
Unless a document of title was originally issued on delivery of the goods by a person that did not have power to dispose of them, a lien does not attach by virtue of any judicial process to goods in the possession of a bailee for which a negotiable document of title is outstanding unless possession or control of the document is first surrendered to the bailee or the document's negotiation is enjoined. The bailee may not be compelled to deliver the goods pursuant to process until possession or control of the document is surrendered to the bailee or to the court. A purchaser of the document for value without notice of the process or injunction takes free of the lien imposed by judicial process.
Section: Previous 47-7504 47-7505 47-7506 47-7507 47-7508 47-7509 47-7601 47-7602 47-7603 47-7703 47-7704 47-8101 47-8102 47-8103 47-8104 NextLast modified: October 13, 2016