Okla. Stat. tit. 12A § 7-402

Current through Laws 2024, c. 453.

Section 7-402 - Duplicate receipt or bill - 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 Section 7-105.1 of this title. The issuer is liable for damages caused by its overissue or failure to identify a duplicate document as such by conspicuous notation.

Okla. Stat. tit. 12A, § 7-402

Laws 1961, p. 148, § 7-402; Amended by Laws 2005 , HB 2035, c. 140, § 25, eff. 1/1/2006.

Oklahoma Code Comment

Prior Statutory Provisions:

2 O.S. §§ 9-29, 9-65.

13 O.S. § 95.

Text and derivation of prior provisions, see Appendix at end of this title.

Comment:

This section is a rewriting of the previous provisions and has new matter. See comments to Section 7-304 . This section does not cover lost and missing documents which are covered by Section 7-601 .