§ 34.1-7-601 — Lost, stolen, or destroyed documents of title

Wyoming § 34.1-7-601

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

Text

(a) If a document of title is lost, stolen, or destroyed,
a court may order delivery of the goods or issuance of a
substitute document and the bailee may without liability to any
person comply with the order. If the document was negotiable, a
court may not order delivery of the goods or issuance of a
substitute document without the claimant's posting security
unless it finds that any person that may suffer loss as a result
of nonsurrender of possession or control of the document is
adequately protected against the loss. If the document was
nonnegotiable, the court may require security. The court may
also order payment of the bailee's reasonable costs and
attorney's fees in any action under this subsection.
(b) A bailee that, without a court order, delivers goods
to a person claiming under a missing negotiable document of
title is liable to any person injured thereby. If the delivery
is not in good faith, the bailee is liable for conversion.
Delivery in good faith is not conversion if the claimant posts
security with the bailee in an amount at least double the value
of the goods at the time of posting to indemnify any person
injured by the delivery which files a notice of claim within one
(1) year after the delivery.