Section 45.07.402. Duplicate document of title; overissue.

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A duplicate or another document of title purporting to cover goods already represented by an outstanding document of the same issuer does not confer a right in the goods, except as provided in the case of tangible bills of lading in a set of parts, overissue of documents for fungible goods, substitutes for lost, stolen, or destroyed documents, or substitute documents issued under AS 45.07.115. The issuer is liable for damages caused by the issuer's overissue or failure to identify a duplicate document by a conspicuous notation.

Notes

History

(Sec. 7.402 ch 114 SLA 1962; am Sec. 63 ch 44 SLA 2009)

                    
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