N.Y. UCC Law § 7-402
This is the official text of N.Y. UCC Law § 7-402, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Duplicate Document of Title; Overissue
Official statutory text
Section 7--402. Duplicate Document of Title; Overissue.\n A duplicate or any other document of title purporting to cover goods\nalready represented by an outstanding document of the same issuer does\nnot confer any right in the goods, except as provided in the case of\ntangible bills of lading in a set of parts, overissue of documents for\nfungible goods, substitutes for lost, stolen, or destroyed documents, or\nsubstitute documents issued pursuant to Section 7--105. The issuer is\nliable for damages caused by its overissue or failure to identify a\nduplicate document by a conspicuous notation.\n
Status: in_force · Read it on the official government site
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