Okla. Stat. tit. 12A, § 12A-7-601
This is the official text of Okla. Stat. tit. 12A, § 12A-7-601, 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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Lost, stolen, or destroyed documents of title
Official statutory text
Lost, Stolen, or Destroyed Documents of Title.
(a) If a document has been 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 not negotiable, the court may require security. The
court may also order payment of the bailee's reasonable costs and
attorney fees in any action under this section.
(b) A bailee that, without 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.
(a) If a document has been 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 not negotiable, the court may require security. The
court may also order payment of the bailee's reasonable costs and
attorney fees in any action under this section.
(b) A bailee that, without 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.
Status: in_force · Read it on the official government site
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