A duplicate or any other document of title purporting to cover goods already represented by an outstanding document of the same issuer does not confer any right in the goods, except as provided in the case of tangible bills of lading in a set of parts, overissue of documents for fungible goods, substitutes for lost, stolen, or destroyed documents, or substitute documents issued pursuant to G.S. 25-7-105. The issuer is liable for damages caused by its overissue or failure to identify a duplicate document by a conspicuous notation. (1917, c. 37, s. 6; 1919, c. 65, s. 5; C.S., ss. 287, 4047; 1965, c. 700, s. 1; 2006-112, s. 25.)
Sections: Previous 25-7-304 25-7-305 25-7-306 25-7-307 25-7-308 25-7-309 25-7-401 25-7-402 25-7-403 25-7-404 25-7-501 25-7-502 25-7-503 25-7-504 25-7-505 Next
Last modified: March 23, 2014