2016 Vermont Statutes
Title 9A - Uniform Commercial Code
Article 7 - Documents Of Title
§ 7-402 Duplicate document of title; overissue
§ 7-402. Duplicate document of title; overissue
A duplicate or any other document of title purporting to cover goods already represented by an outstanding document of the same issuer does not confer any right in the goods, except as provided in the case of tangible bills of lading in a set of parts, overissue of documents for fungible goods, substitutes for lost, stolen, or destroyed documents, or substitute documents issued pursuant to section 7-105 of this title. The issuer is liable for damages caused by its overissue or failure to identify a duplicate document by a conspicuous notation. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)
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