DIVISION 7. DOCUMENTS OF TITLE [7101. - 7603.]

Division 7 repealed and added by Stats. 2006, Ch. 254, Sec. 49.

§§ 7101–7603 · 41 sections

1. CHAPTER 1. General §§ 7101–7106 · 6 sections

   • § 7101 This division may be cited as the Uniform Commercial Code—Documents of Title.
   • § 7102 (a) In this division, unless the context otherwise requires: (1) “Bailee” means a person that by a warehouse receipt, bill of lading, or other document of…
   • § 7103 (a) This division 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…
   • § 7104 (a) Except as otherwise provided in subdivision (c), a document of title is negotiable if by its terms the goods are to be delivered to bearer or to the order…
   • § 7105 (a) Upon request of a person entitled under an electronic document of title, the issuer of the electronic document may issue a tangible document of title as a…
   • § 7106 (a) 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…
2. CHAPTER 2. Warehouse Receipts: Special Provisions §§ 7201–7210 · 10 sections

   • § 7201 (a) A warehouse receipt may be issued by any warehouse. (b) If goods, including distilled spirits and agricultural commodities, are stored under a statute…
   • § 7202 (a) A warehouse receipt need not be in any particular form. (b) Unless a warehouse receipt provides for each of the following, the warehouse is liable for…
   • § 7203 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…
   • § 7204 (a) 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…
   • § 7205 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…
   • § 7206 (a) 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…
   • § 7207 (a) Unless the warehouse receipt provides otherwise, a warehouse shall keep separate the goods covered by each receipt so as to permit at all times…
   • § 7208 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…
   • § 7209 (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…
   • § 7210 (a) Except as otherwise provided in subdivision (b), a warehouse’s lien may be enforced by public or private sale of the goods, in bulk or in packages, at any…
3. CHAPTER 3. Bills of Lading: Special Provisions §§ 7301–7309 · 9 sections

   • § 7301 (a) A consignee of a nonnegotiable bill of lading which has given value in good faith, or a holder to which a negotiable bill has been duly negotiated, relying…
   • § 7302 (a) The issuer of a through bill of lading, or other document of title embodying an undertaking to be performed in part by a person acting as its agent or by a…
   • § 7303 (a) Unless the bill of lading otherwise provides, a carrier may deliver the goods to a person or destination other than that stated in the bill or may…
   • § 7304 (a) Except as customary in international transportation, a tangible bill of lading may not be issued in a set of parts. The issuer is liable for damages caused…
   • § 7305 (a) 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…
   • § 7306 An unauthorized alteration or filling in of a blank in a bill of lading leaves the bill enforceable according to its original tenor.
   • § 7307 (a) 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…
   • § 7308 (a) 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…
   • § 7309 (a) A carrier that issues a bill of lading, whether negotiable or nonnegotiable, shall exercise the degree of care in relation to the goods which a reasonably…
4. CHAPTER 4. Warehouse Receipts and Bills of Lading: General Obligations §§ 7401–7404 · 4 sections

   • § 7401 The obligations imposed by this division on an issuer apply to a document of title even if: (1) the document does not comply with the requirements of this…
   • § 7402 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…
   • § 7403 (a) A bailee shall deliver the goods to a person entitled under a document of title if the person complies with subdivisions (b) and (c), unless and to the…
   • § 7404 A bailee that in good faith has received goods and delivered or otherwise disposed of the goods according to the terms of a document of title or pursuant to…
5. CHAPTER 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer §§ 7501–7509 · 9 sections

   • § 7501 (a) The following rules apply to a negotiable tangible document of title: (1) If the document’s original terms run to the order of a named person, the document…
   • § 7502 (a) Subject to Sections 7205 and 7503, a holder to which a negotiable document of title has been duly negotiated acquires thereby: (1) title to the document;…
   • § 7503 (a) A document of title confers no right in goods against a person that before issuance of the document had a legal interest or a perfected security interest…
   • § 7504 (a) A transferee of a document of title, whether negotiable or nonnegotiable, to which the document has been delivered but not duly negotiated, acquires the…
   • § 7505 The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous endorsers.
   • § 7506 The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary indorsement, but the…
   • § 7507 If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under Section 7508, unless otherwise agreed, the…
   • § 7508 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…
   • § 7509 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…
6. CHAPTER 6. Warehouse Receipts and Bills Of Lading: Miscellaneous Provisions §§ 7601–7603 · 3 sections

   • § 7601 (a) 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…
   • § 7602 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…
   • § 7603 If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the…