2009 Iowa Code
Title 13 - Commerce
Subtitle 5 - Regulation of Commercial Enterprises
CHAPTER 554 - UNIFORM COMMERCIAL CODE
554.7304 - TANGIBLE BILLS OF LADING IN A SET.

        554.7304  TANGIBLE BILLS OF LADING IN A SET.
         1.  Except as customary in international transportation, a
      tangible bill of lading may not be issued in a set of parts.  The
      issuer is liable for damages caused by violation of this subsection.

         2.  If a tangible bill of lading is lawfully issued in a set of
      parts, each of which contains an identification code and is expressed
      to be valid only if the goods have not been delivered against any
      other part, the whole of the parts constitutes one bill.
         3.  If a tangible negotiable bill of lading is lawfully issued in
      a set of parts and different parts are negotiated to different
      persons, the title of the holder to which the first due negotiation
      is made prevails as to both the document of title and the goods even
      if any later holder may have received the goods from the carrier in
      good faith and discharged the carrier's obligation by surrendering
      its part.
         4.  A person that negotiates or transfers a single part of a
      tangible bill of lading issued in a set is liable to holders of that
      part as if it were the whole set.
         5.  The bailee shall deliver in accordance with Part 4 against the
      first presented part of a tangible bill of lading lawfully issued in
      a set.  Delivery in this manner discharges the bailee's obligation on
      the whole bill.  

         Section History: Early Form

         [S13, § 3138-b5; C24, 27, 31, 35, 39, § 8250; C46, 50, 54, 58,
      62, § 487.6; C66, 71, 73, 75, 77, 79, 81, § 554.7304] 

         Section History: Recent Form

         2007 Acts, ch 30, §20, 45, 46