ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

49 U.S.C. § 80114 — Lost, stolen, and destroyed negotiable bills

submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 152 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section allows a court to order delivery when a negotiable bill is lost, stolen, or destroyed, with a surety bond, but preserves liability to an unaware good-faith holder.

(a) Delivery on Court Order and Surety Bond. If a negotiable bill is lost, stolen, or destroyed, a court with jurisdiction may order the carrier to deliver the goods if the claimant gives a court-approved surety bond protecting the carrier or anyone injured by delivery from liability under the outstanding original bill. The court may also order reasonable costs and attorney fees paid to the carrier. A voluntary bond given without a court order binds the parties to it.

(b) Liability to Holder. Delivery under the court order does not remove the carrier’s liability to a person who received the bill for value without notice of the court case or delivery.

the actual law source: uscode.house.gov ↗public domain
(a)Delivery on Court Order and Surety Bond.—

If a negotiable bill of lading is lost, stolen, or destroyed, a court of competent jurisdiction may order the common carrier to deliver the goods if the person claiming the goods gives a surety bond, in an amount approved by the court, to indemnify the carrier or a person injured by delivery against liability under the outstanding original bill. The court also may order payment of reasonable costs and attorney’s fees to the carrier. A voluntary surety bond, without court order, is binding on the parties to the bond.

(b)Liability to Holder.—

Delivery of goods under a court order under subsection (a) of this section does not relieve a common carrier from liability to a person to whom the negotiable bill has been or is negotiated for value without notice of the court proceeding or of the delivery of the goods.

Source credit: (Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 1352.)

history & why it existsrecord from the source credit
  • 1994Enacted · Pub. L. 103-272 · 108 Stat. 1352

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-272 on 1994-07-05.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case