Iowa § 554.7402 Duplicate document of title — overissue

Iowa Statutes

§ 554.7402 — Duplicate document of title — overissue

Iowa § 554.7402

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.7402 (Duplicate document of title — overissue) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.7402 (2026).

Text

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 554.7105. The issuer is liable for damages caused by its overissue
or failure to identify a duplicate document by a conspicuous notation.

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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 554.7105. The issuer is liable for damages caused by its overissue
or failure to identify a duplicate document by a conspicuous notation.

Legislative History

[S13, §3138-a6, -a15, -b6, -b17; C24, 27, 31, 35, 39, §8251, 8262, 9666, 9675; C46, 50, 54, 58, 62, §487.7, 487.18, 542.6, 542.15, 543.20; C66, 71, 73, 75, 77, 79, 81, §554.7402]