Section 36-7-403 - Obligation of bailee to deliver; excuse(a) A bailee shall deliver the goods to a person entitled under a document of title if the person complies with subsections (b) and (c), unless and to the extent that the bailee establishes any of the following:(1) delivery of the goods to a person whose receipt was rightful as against the claimant;(2) damage to or delay, loss, or destruction of the goods for which the bailee is not liable;(3) previous sale or other disposition of the goods in lawful enforcement of a lien or on a warehouse's lawful termination of storage;(4) the exercise by a seller of its right to stop delivery pursuant to Section 36-2-705 or by a lessor of its right to stop delivery pursuant to Section 36-2A-526;(5) a diversion, reconsignment, or other disposition pursuant to Section 36-7-303;(6) release, satisfaction or any other personal defense against the claimant; or(7) any other lawful excuse.(b) A person claiming goods covered by a document of title shall satisfy the bailee's lien if the bailee so requests or if the bailee is prohibited by law from delivering the goods until the charges are paid.(c) Unless a person claiming the goods is a person against which the document of title does not confer a right under Section 36-7-503(a): (1) the person claiming under a document shall surrender possession or control of any outstanding negotiable document covering the goods for cancellation or indication of partial deliveries and;(2) the bailee shall cancel the document or conspicuously indicate in the document the partial delivery or the bailee is liable to any person to which the document is duly negotiated.Amended by 2014 S.C. Acts, Act No. 213 (SB 343), s 2, eff. 10/1/2014.1966 (54) 2716; 1962 Code Section 10.7-403. 2014 Act No. 213, Section 51, provides as follows:
"SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date."