§ 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 […]
§ 11-7-106. Control of Electronic Document of Title
A person has control of an electronic document of title if a system employed for evidencing the transfer of interests in the electronic document reliably establishes that person as the person to which the electronic document was issued or transferred. A system satisfies subsection (a) of this Code section, and a person is deemed to […]
§ 11-7-201. Person That May Issue a Warehouse Receipt; Storage Under Bond
A warehouse receipt may be issued by any warehouse. If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even […]
§ 11-7-202. Form of Warehouse Receipt; Effect of Omission
A warehouse receipt need not be in any particular form. Unless a warehouse receipt provides for each of the following, the warehouse is liable for damages caused to a person injured by its omission: A statement of the location of the warehouse facility where the goods are stored; The date of issue of the receipt; […]
§ 11-7-203. Liability for Nonreceipt or Misdescription
A party to or purchaser for value in good faith of a document of title, other than a bill of lading, that relies upon the description of the goods in the document may recover from the issuer damages caused by the nonreceipt or misdescription of the goods, except to the extent that: The document conspicuously […]
§ 11-7-204. Duty of Care; Contractual Limitation of Warehouse’s Liability
A warehouse is liable for damages for loss of or injury to the goods caused by its failure to exercise care with regard to the goods that a reasonably careful person would exercise under similar circumstances. Unless otherwise agreed, the warehouse is not liable for damages that could not have been avoided by the exercise […]
§ 11-7-205. Title Under Warehouse Receipt Defeated in Certain Cases
A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated. History. Code 1933, § 109A-7-205, […]
§ 11-7-206. Termination of Storage at Warehouse’s Option
A warehouse, by giving notice to the person on whose account the goods are held and any other person known to claim an interest in the goods, may require payment of any charges and removal of the goods from the warehouse at the termination of the period of storage fixed by the document of title […]
§ 11-7-207. Goods Shall Be Kept Separate; Fungible Goods
Unless the warehouse receipt provides otherwise, a warehouse shall keep separate the goods covered by each receipt so as to permit at all times identification and delivery of those goods. However, different lots of fungible goods may be commingled. If different lots of fungible goods are commingled, the goods are owned in common by the […]