Home Table of Contents

§ 7602. Judicial process against goods covered by negotiable document of title

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: June 16, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 7. Warehouse Receipts, Bills of Lading and Other Documents of Title (Refs & Annos)
Chapter 76. Warehouse Receipts and Bills of Lading: Miscellaneous Provisions (Refs & Annos)
Effective: June 16, 2008
13 Pa.C.S.A. § 7602
§ 7602. Judicial process against goods covered by negotiable document of title
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 virtue of any judicial process to goods in the possession of a bailee for which a negotiable document of title is outstanding unless possession or control of the document is first surrendered to the bailee or the document's negotiation is enjoined. The bailee may not be compelled to deliver the goods pursuant to process until possession or control of the document is surrendered to the bailee or to the court. A purchaser of the document for value without notice of the process or injunction takes free of the lien imposed by judicial process.

Credits

2008, April 16, P.L. 57, No. 13, § 13, effective in 60 days [June 16, 2008].
13 Pa.C.S.A. § 7602, PA ST 13 Pa.C.S.A. § 7602
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document