§ 34.1-7-304 — Tangible bills of lading in a set

Wyoming § 34.1-7-304

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 6: BULK TRANSFERS

Text

(a) Except as customary in international transportation, a
tangible bill of lading may not be issued in a set of parts.
The issuer is liable for damages caused by violation of this
subsection.
(b) If a tangible bill of lading is lawfully issued in a
set of parts, each of which contains an identification code and
is expressed to be valid only if the goods have not been
delivered against any other part, the whole of the parts
constitutes one (1) bill.
(c) If a tangible negotiable bill of lading is lawfully
issued in a set of parts and different parts are negotiated to
different persons, the title of the holder to which the first
due negotiation is made prevails as to both the document of
title and the goods even if any later holder may have received
the goods from the carrier in good faith and discharged the
carrier's obligation by surrendering its part.
(d) A person that negotiates or transfers a single part of
a tangible bill of lading issued in a set is liable to holders
of that part as if it were the whole set.
(e) The bailee shall deliver in accordance with part 4 of
this title against the first presented part of a tangible bill
of lading lawfully issued in a set. Delivery in this manner
discharges the bailee's obligation on the whole bill.