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United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:7-503

This section limits when a document of title can defeat prior rights in goods, and says a carrier’s proper delivery under its own bill of lading discharges its duty to deliver.

bills of ladingdocuments of titlegoods deliverywarehouse receipts
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United States — Louisiana
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1 provisions
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“This section limits when a document of title can defeat prior rights in goods, and says a carrier’s proper delivery under its own bill of lading discharges its duty to deliver.”

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RS 10:7-503

This section limits when a document of title can defeat prior rights in goods, and says a carrier’s proper delivery under its own bill of lading discharges its duty to deliver.

Section 10:7-503

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§ 10:7-503RS 10:7-503Provision

This section limits when a document of title can defeat prior rights in goods, and says a carrier’s proper delivery under its own bill of lading discharges its duty to deliver.

§7-503. Document of title to goods defeated in certain cases (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 in the goods and that did not: (1) Deliver or entrust the goods or any document of title covering the goods to the bailor or the bailor's nominee with: (A) Actual or apparent authority to ship, store, or sell; (B) Power to obtain delivery under R.S. 10:7-403; or (C) Power of disposition under R.S. 10:9-320 or R.S. 10:9-321(c) or other statute; or (2) Acquiesce in the procurement by the bailor or its nominee of any document. (b) Title to goods based upon an unaccepted delivery order is subject to the rights of any person to which a negotiable warehouse receipt or bill of lading covering the goods has been duly negotiated. That title may be defeated under R.S. 10:7-504 to the same extent as the rights of the issuer or a transferee from the issuer. (c) Title to goods based upon a bill of lading issued to a freight forwarder is subject to the rights of any person to which a bill issued by the freight forwarder is duly negotiated. However, delivery by the carrier in accordance with Part 4 of this Chapter pursuant to its own bill of lading discharges the carrier's obligation to deliver. Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §5, eff. Jan. 1, 1990; Acts 2001, No. 128, §8, eff. July 1, 2001; Acts 2009, No. 207, §3, eff. Jan. 1, 2010.
Section 10:7-503Verify source

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