§ 34.1-7-403 — 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) of this section, unless and to the
extent that the bailee establishes any of the following:
(i) Delivery of the goods to a person whose receipt
was rightful as against the claimant;
(ii) Damage to or delay, loss, or destruction of the
goods for which the bailee is not liable;
(iii) Previous sale or other disposition of the goods
in lawful enforcement of a lien or on a warehouse's lawful
termination of storage;
(iv) The exercise by a seller of its right to stop
delivery pursuant to W.S. 34.1-2-705 or by a lessor of its right
to stop delivery pursuant to W.S. 34.1-2.A-526;
(v) A diversion, reconsignment, or other disposition
pursuant to W.S. 34.1-7-303;
(vi) Release, satisfaction, or any other personal
defense against the claimant; or
(vii) 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 W.S.
34.1-7-503(a):
(i) 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
(ii) 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.