7-7-106
Section 7-7-106 Control of electronic document of title. (a) A person has control of an electronic
document of title if a system employed for evidencing the transfer of interests in the electronic
document reliably establishes that person as the person to which the electronic document was
issued or transferred. (b) A system satisfies subsection (a), and a person is deemed to have
control of an electronic document of title, if the document is created, stored, and assigned
in such a manner that: (1) A single authoritative copy of the document exists which is unique,
identifiable, and, except as otherwise provided in subdivisions (4), (5), and (6), unalterable;
(2) The authoritative copy identifies the person asserting control as: a. The person to which
the document was issued; or b. If the authoritative copy indicates that the document has been
transferred, the person to which the document was most recently transferred; (3) The authoritative
copy is communicated to and maintained by the...
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6-9-140
Section 6-9-140 Conveyance of title by sale under judicial process. A sale regularly made by
virtue of judicial process issuing from a court of competent jurisdiction shall convey the
title as effectually as if the sale was made by the person against whom the process issues.
(Code 1907, §4125; Code 1923, §7840; Code 1940, T. 7, §552.)...
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7-2A-526
Section 7-2A-526 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), the lessor may stop delivery until (a) receipt of the goods by the lessee;
(b) acknowledgment 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...
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7-7-507
Section 7-7-507 Warranties on negotiation or delivery of document of title. If a person negotiates
or delivers a document of title for value, otherwise than as a mere intermediary under Section
7-7-508, unless otherwise agreed, the transferor, in addition to any warranty made in selling
or leasing the goods, warrants to its immediate purchaser only that: (1) The document is genuine;
(2) The transferor does not have knowledge of any fact that would impair the document's validity
or worth; and (3) The negotiation or delivery is rightful and fully effective with respect
to the title to the document and the goods it represents. (Prior version of this section added
by Acts 1965, No. 549, p. 811; repealed by Act 2004-315, p. 464, §1; current section added
by Act 2004-315, p. 464, §1.)...
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7-7-506
Section 7-7-506 Delivery without indorsement: right to compel indorsement. The transferee of
a negotiable tangible document of title has a specifically enforceable right to have its transferor
supply any necessary indorsement, but the transfer becomes a negotiation only as of the time
the indorsement is supplied. (Prior version of this section added by Acts 1965, No. 549, p.
811; repealed by Act 2004-315, p. 464, §1; current section added by Act 2004-315, p. 464,
§1.)...
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7-7-505
Section 7-7-505 Indorser not guarantor for other parties. The indorsement of a tangible document
of title issued by a bailee does not make the indorser liable for any default by the bailee
or previous indorsers. (Prior version of this section added by Acts 1965, No. 549, p. 811;
repealed by Act 2004-315, p. 464, §1; current section added by Act 2004-315, p. 464, §1.)...

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7-9A-207
Section 7-9A-207 Rights and duties of secured party having possession or control of collateral.
(a) Duty of care when secured party in possession. Except as otherwise provided in subsection
(d), a secured party shall use reasonable care in the custody and preservation of collateral
in the secured party's possession. In the case of chattel paper or an instrument, reasonable
care includes taking necessary steps to preserve rights against prior parties unless otherwise
agreed. (b) Expenses, risks, duties, and rights when secured party in possession. Except as
otherwise provided in subsection (d), if a secured party has possession of collateral: (1)
reasonable expenses, including the cost of insurance and payment of taxes or other charges,
incurred in the custody, preservation, use, or operation of the collateral are chargeable
to the debtor and are secured by the collateral; (2) the risk of accidental loss or damage
is on the debtor to the extent of a deficiency in any effective insurance...
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7-2-401
Section 7-2-401 Passing of title; reservation for security; limited application of this section.
Each provision of this article with regard to the rights, obligations and remedies of the
seller, the buyer, purchasers or other third parties applies irrespective of title to the
goods except where the provision refers to such title. Insofar as situations are not covered
by the other provisions of this article and matters concerning title become material the following
rules apply: (1) Title to goods cannot pass under a contract for sale prior to their identification
to the contract (Section 7-2-501), and unless otherwise explicitly agreed the buyer acquires
by their identification a special property as limited by this title. Any retention or reservation
by the seller of the title (property) in goods shipped or delivered to the buyer is limited
in effect to a reservation of a security interest. Subject to these provisions and to the
provisions of the article on secured transactions (Article...
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7-2A-523
Section 7-2A-523 Lessor's remedies. (1) If a lessee wrongfully rejects or revokes acceptance
of goods or fails to make a payment when due or repudiates with respect to a part or the whole,
then, with respect to any goods involved, and with respect to all of the goods if under an
installment lease contract the value of the whole lease contract is substantially impaired
(Section 7-2A-510), the lessee is in default under the lease contract and the lessor may:
(a) cancel the lease contract (Section 7-2A-505(1)); (b) proceed respecting goods not identified
to the lease contract (Section 7-2A-524); (c) withhold delivery of the goods and take possession
of goods previously delivered (Section 7-2A-525); (d) stop delivery of the goods by any bailee
(Section 7-2A-526); (e) dispose of the goods and recover damages (Section 7-2A-527), or retain
the goods and recover damages (Section 7-2A-528), or in a proper case recover rent (Section
7-2A-529); (f) exercise any other rights or pursue any other...
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7-7-203
Section 7-7-203 Liability for nonreceipt or misdescription. A party to or purchaser for value
in good faith of a document of title, other than a bill of lading, that relies upon the description
of the goods in the document may recover from the issuer damages caused by the nonreceipt
or misdescription of the goods, except to the extent that: (1) The document conspicuously
indicates that the issuer does not know whether all or part of the goods in fact were received
or conform to the description, such as a case in which the description is in terms of marks
or labels or kind, quantity, or condition, or the receipt or description is qualified by "contents,
condition, and quality unknown," "said to contain," or words of similar import,
if the indication is true; or (2) The party or purchaser otherwise has notice of the nonreceipt
or misdescription. (Prior version of this section added by Acts 1965, No. 549, p. 811; repealed
by Act 2004-315, p. 464, §1; current section added by Act...
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