Indiana § 26-1-7-602 Attachment of goods covered by a negotiable document

Indiana Statutes

§ 26-1-7-602 — Attachment of goods covered by a negotiable document

Indiana § 26-1-7-602

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 7Documents of Title

This text of Indiana § 26-1-7-602 (Attachment of goods covered by a negotiable document) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-7-602 (2026).

Text

Unless a document of title was originally
issued upon delivery of the goods by a person that did not have power
to dispose of them, a lien does not attach by virtue of any judicial
process to goods in the possession of a bailee for which a negotiable
document of title is outstanding unless possession or control of the
document is first surrendered to the bailee or the document's
negotiation is enjoined. The bailee may not be compelled to deliver the
goods pursuant to process until possession or control of the document
is surrendered to the bailee or the court. A purchaser of the document
for value without notice of the process or injunction takes free of the
lien imposed by judicial process.
Formerly: Acts 1963, c.317, s.7-602. As amended by
P.L.143-2007, SEC.62.

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Unless a document of title was originally
issued upon delivery of the goods by a person that did not have power
to dispose of them, a lien does not attach by virtue of any judicial
process to goods in the possession of a bailee for which a negotiable
document of title is outstanding unless possession or control of the
document is first surrendered to the bailee or the document's
negotiation is enjoined. The bailee may not be compelled to deliver the
goods pursuant to process until possession or control of the document
is surrendered to the bailee or the court. A purchaser of the document
for value without notice of the process or injunction takes free of the
lien imposed by judicial process.
Formerly: Acts 1963, c.317, s.7-602. As amended by
P.L.143-2007, SEC.62.