New York § 7-603 Conflicting Claims; Interpleader

New York Statutes

§ 7-603 — Conflicting Claims; Interpleader

New York·Law UCC Uniform Commercial Code·Part 6 Warehouse Receipts and Bills of Lading: Miscellaneous Provisions·Art. 7 Documents of Title

Section 7--603. Conflicting Claims; Interpleader.\n  If more than one person claims title to or possession of the goods,\nthe bailee is excused from delivery until the bailee has a reasonable\ntime to ascertain the validity of the adverse claims or to commence an\naction for interpleader. The bailee may assert an interpleader either in\ndefending an action for nondelivery of the goods or by original action.\n

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Section 7--603. Conflicting Claims; Interpleader.\n If more than one person claims title to or possession of the goods,\nthe bailee is excused from delivery until the bailee has a reasonable\ntime to ascertain the validity of the adverse claims or to commence an\naction for interpleader. The bailee may assert an interpleader either in\ndefending an action for nondelivery of the goods or by original action.\n

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