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N.Y. U.C.C. 7-402

Duplicate Document of Title; Overissue

Known as the Uniform Commercial Code

The act spans §§ 1–12 (253 sections).

2014-12-26

Section 7--402. Duplicate Document of Title; Overissue.\n A duplicate or any other document of title purporting to cover goods\nalready represented by an outstanding document of the same issuer does\nnot confer any right in the goods, except as provided in the case of\ntangible bills of lading in a set of parts, overissue of documents for\nfungible goods, substitutes for lost, stolen, or destroyed documents, or\nsubstitute documents issued pursuant to Section 7--105. The issuer is\nliable for damages caused by its overissue or failure to identify a\nduplicate document by a conspicuous notation.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.