Legislation
SECTION 7-602
Judicial Process Against Goods Covered by Negotiable Document of Title
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 6
Section 7--602. 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.
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.