Okla. Stat. tit. 12A, § 12A-2A-526
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-526, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Lessor's stoppage of delivery in transit or otherwise
Official statutory text
LESSOR'S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE
(1) A lessor may stop delivery of goods in the possession of a
carrier or other bailee if the lessor discovers the lessee to be
insolvent and may stop delivery of carload, truckload, planeload, or
larger shipments of express or freight if the lessee repudiates or
fails to make a payment due before delivery, whether for rent,
security or otherwise under the lease contract, or for any other
reason the lessor has a right to withhold or take possession of the
goods.
(2) In pursuing its remedies under subsection (1) of this
section, the lessor may stop delivery until:
(a) receipt of the goods by the lessee;
(b) acknowledgement to the lessee by any bailee of the goods,
except a carrier, that the bailee holds the goods for the lessee; or
(c) such an acknowledgment to the lessee by a carrier via
reshipment or as a warehouse.
(3) (a) To stop delivery, a lessor shall so notify as to
enable the bailee by reasonable diligence to prevent delivery of the
goods.
(b) After notification, the bailee shall hold and deliver the
goods according to the directions of the lessor, but the lessor is
liable to the bailee for any ensuing charges or damages.
(c) A carrier who has issued a nonnegotiable bill of lading is
not obligated to obey a notification to stop received from a person
other than the consignor.
(1) A lessor may stop delivery of goods in the possession of a
carrier or other bailee if the lessor discovers the lessee to be
insolvent and may stop delivery of carload, truckload, planeload, or
larger shipments of express or freight if the lessee repudiates or
fails to make a payment due before delivery, whether for rent,
security or otherwise under the lease contract, or for any other
reason the lessor has a right to withhold or take possession of the
goods.
(2) In pursuing its remedies under subsection (1) of this
section, the lessor may stop delivery until:
(a) receipt of the goods by the lessee;
(b) acknowledgement to the lessee by any bailee of the goods,
except a carrier, that the bailee holds the goods for the lessee; or
(c) such an acknowledgment to the lessee by a carrier via
reshipment or as a warehouse.
(3) (a) To stop delivery, a lessor shall so notify as to
enable the bailee by reasonable diligence to prevent delivery of the
goods.
(b) After notification, the bailee shall hold and deliver the
goods according to the directions of the lessor, but the lessor is
liable to the bailee for any ensuing charges or damages.
(c) A carrier who has issued a nonnegotiable bill of lading is
not obligated to obey a notification to stop received from a person
other than the consignor.
Status: in_force · Read it on the official government site
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