26-1-7-207. Goods Must Be Kept Separate; Fungible Goods
Sec. 207. (a) Unless the warehouse receipt otherwise provides, 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. (b) If different lots of fungible goods are commingled, the goods are owned […]
26-1-7-208. Altered Warehouse Receipts
Sec. 208. If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its […]
26-1-5.1-118. Security Interest of Issuer or Nominated Person
Sec. 118. (a) An issuer or nominated person has a security interest in a document presented under a letter of credit to the extent that the issuer or nominated person honors or gives value for the presentation. (b) So long as and to the extent that an issuer or nominated person has not been reimbursed […]
26-1-7-209. Warehouse Lien
Sec. 209. (a) A warehouse has a lien against the bailor on the goods covered by a warehouse receipt or storage agreement or on the proceeds thereof in its possession for charges for storage or transportation, including demurrage and terminal charges, insurance, labor, or other charges, present or future, in relation to the goods, and […]
26-1-6.2-1. Validity and Enforcement of Rights and Obligations Under Prior Law
Sec. 1. Rights and obligations that arose under IC 26-1-6.1 before its repeal by P.L.77-2007 remain valid and may be enforced as though IC 26-1-6.1 had not been repealed. As added by P.L.16-2009, SEC.27.
26-1-7-210. Enforcement of Warehouse’s Lien
Sec. 210. (a) Except as otherwise provided in subsection (b), a warehouse’s lien 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 […]
26-1-7-101. Short Title
Sec. 101. This chapter may be cited as Uniform Commercial Code ─ Documents of Title. Formerly: Acts 1963, c.317, s.7-101. As amended by P.L.152-1986, SEC.244; P.L.143-2007, SEC.24.
26-1-7-102. Definitions and Index of Definitions
Sec. 102. (a) In this chapter unless the context otherwise requires: (1) “Bailee” means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. (2) “Carrier” means a person that issues a bill of lading. (3) “Consignee” means a person named […]
26-1-7-103. Relation of Chapter to Other Laws
Sec. 103. (a) This chapter is subject to any treaty or statute of the United States or regulatory statute of this state to the extent the treaty, statute, or regulatory statute applies. (b) This chapter does not modify or repeal any law prescribing the form or content of a document of title or the services […]
26-1-7-104. Negotiable and Nonnegotiable Warehouse Receipt, Bill of Lading, and Other Document of Title
Sec. 104. (a) Except as otherwise provided in subsection (c), a document of title is negotiable if by its terms the goods are to be delivered to bearer or to the order of a named person. (b) A document of title other than one described in subsection (a) is nonnegotiable. A bill of lading that […]