California Commercial Code

§ 7503

COM § 7503 Effective Jan 1, 2007Div. 7 · Ch. 5

Statute text

(a)A document of title confers no right in goods against a person that before issuance of the document had a legal interest or a perfected security interest in the goods and that did not:

(1)deliver or entrust the goods or any document of title covering the goods to the bailor or the bailor’s nominee with:

(A)actual or apparent authority to ship, store, or sell;

…

Legislative history

Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.