§ 11-8-110. Applicability; Choice of Law
The local law of the issuer’s jurisdiction, as specified in subsection (d) of this Code section, governs: The validity of a security; The rights and duties of the issuer with respect to registration of transfer; The effectiveness of registration of transfer by the issuer; Whether the issuer owes any duties to an adverse claimant to […]
§ 11-8-111. Clearing Corporation Rules
A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even if the rule conflicts with this Act and affects another party who does not consent to the rule. History. Code 1981, § 11-8-111 , enacted by Ga. L. 1998, p. […]
§ 11-7-305. Destination Bills
Instead of issuing a bill of lading to the consignor at the place of shipment, a carrier, at the request of the consignor, may procure the bill to be issued at destination or at any other place designated in the request. Upon request of any person entitled as against the carrier to control the goods […]
§ 11-7-508. Warranties of Collecting Bank as to Documents of Title
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased […]
§ 11-7-306. Altered Bills of Lading
An unauthorized alteration or filling in of a blank in a bill of lading leaves the bill enforceable according to its original tenor. History. Code 1933, § 109A-7-306, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 2010, p. 481, § 1-1/HB 451. Editor’s notes. Ga. L. 2010, p. 481, § 3-1/HB 451, […]
§ 11-7-509. Adequate Compliance With Commercial Contract
Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by Article 2, 2A, or 5 of this title. History. Code 1933, § 109A-7-509, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. […]
§ 11-7-307. Lien of Carrier
A carrier has a lien on the goods covered by a bill of lading or on the proceeds thereof in its possession for charges after the date of the carrier’s receipt of the goods for storage or transportation, including demurrage and terminal charges, and for expenses necessary for preservation of the goods incident to their […]
§ 11-7-601. Lost, Stolen, or Destroyed Documents of Title
If a document of title is lost, stolen, or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liability to any person comply with the order. If the document was negotiable, a court may not order delivery of the goods or the issuance of […]
§ 11-7-308. Enforcement of Carrier’s Lien
A carrier’s lien on goods may be enforced by public or private sale of the goods, in bulk or in packages, at any time or place and on any terms that are commercially reasonable, after notifying all persons known to claim an interest in the goods. The notification shall include a statement of the amount […]
§ 11-7-602. Judicial Process Against Goods Covered by Negotiable Document of Title
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 […]