Part 6. Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
Unless a document of title was originally issued upon 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.
Renumbered from § 1307.39 and amended by 129th General AssemblyFile No.9, HB 9, §1, eff. 6/29/2011.
Section: Previous 1307.501 1307.502 1307.503 1307.504 1307.505 1307.506 1307.507 1307.508 1307.509 1307.601 1307.602 1307.603 1307.703 1307.704 NextLast modified: October 10, 2016