41-07-20. (7-304) Tangible bills of lading in a set.
226 words·~1 min read·
/nd/title-41/chapter-41-07-documents-of-title/41-07-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Except as customary in international transportation, a tangible bill of lading may not be
issued in a set of parts. The issuer is liable for damages caused by violation of this
subsection.
2. If a tangible bill of lading is lawfully issued in a set of parts, each of which contains an
identification code and is expressed to be valid only if the goods have not been
delivered against any other part, the whole of the parts constitutes one bill.
3. If a tangible negotiable bill of lading is lawfully issued in a set of parts and different
parts are negotiated to different persons, the title of the holder to which the first due
negotiation is made prevails as to both the document of title and the goods even if any
later holder may have received the goods from the carrier in good faith and discharged
the carrier's obligation by surrendering its part.
4. A person that negotiates or transfers a single part of a tangible bill of lading issued in a
set is liable to holders of that part as if it were the whole set.
5. The bailee shall deliver in accordance with part 4 against the first presented part of a
tangible bill of lading lawfully issued in a set. Delivery in this manner discharges the
bailee's obligation on the whole bill.