United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:7-402

A duplicate document of title generally does not give rights in the goods if another document from the same issuer is already outstanding; the issuer can be liable for damages if it overissues or…

documents of titleliabilityoverissuewarehouse or shipping documents

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“A duplicate document of title generally does not give rights in the goods if another document from the same issuer is already outstanding; the issuer can be liable for damages if it overissues or fails to mark the duplicate conspicuously.”

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RS 10:7-402

A duplicate document of title generally does not give rights in the goods if another document from the same issuer is already outstanding; the issuer can be liable for damages if it overissues or fails to mark the duplicate conspicuously.

Section 10:7-402

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Substitution
§ 10:7-402RS 10:7-402Substitution

A duplicate document of title generally does not give rights in the goods if another document from the same issuer is already outstanding; the issuer can be liable for damages if it overissues or fails to mark the duplicate conspicuously.

§7-402. Duplicate document of title; overissue 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 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 pursuant to R.S. 10:7-105. The issuer is liable for damages caused by its overissue or failure to identify a duplicate document by a conspicuous notation. Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979; Acts 2009, No. 207, §3, eff. Jan. 1, 2010.
Section 10:7-402Verify source

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