Page:United States Statutes at Large Volume 77.djvu/763

 77 STAT. ]

PUBLIC LAW 88-243-DEC. 30, 1963

for conversion. Delivery in good faith is not conversion if made in accordance with a filed classification or tariff or, where no classification or tariff is filed, if the claimant posts security with the bailee in an amount at least double the value of the goods at the time of posting to indemnify any person injured by the delivery who files a notice of claim within one year after the delivery. §28:7—602. Attachment of goods covered by a negotiable document Except where the document was originally issued upon delivery of the goods by a person who had no power to dispose of them, no lien attaches by virtue of any judicial process to goods in the possession of a bailee for which a negotiable dx)cument of title is outstanding unless the document be first surrendered to the bailee or its negotiation enjoined, and the bailee shall not be compelled to deliver the goods pursuant to process until the document is surrendered to him or impounded by the court. One who purchases the document for value without notice of the process or injunction takes free of the lien imposed by judicial process. §28:7—603. Conflicting claims; interpleader If more than one person claims title or possession of the goods, the bailee is excused from delivery until he has had a reasonable time to ascertain the validity of the adverse claims or to bring an action to compel all claimants to interplead and may compel such interleader, either in defending an action for non-delivery of the goods, or y original action, whichever is appropriate.

g

ARTICLE 8—INVESTMENT SECURITIES Sec 28:8—101. 28:8—102. 28:8—103. 28:8—104. 28:8—105. 28:8—106. 28:8—107.

PART 1—SHOET TITLE AND GENEEAL MATTEES

Short title. Definitions and index of definitions. Issuer's lien. Effect of overissue; "overissue". Securities negotiable; presumptions. Applicability. Securities deliverable; action for price. PAET 2—ISSUE—ISSUEE

28:8—201. 28:8—^202. 28:8—^203. 28:8—^204. 28:8—^205. 28:8—^206. 28:8—^207. 28:8—^208.

"Issuer". Issuer's responsibility and defenses; notice of defect or defense. Staleness as notice of defects or defenses. Effect of issuer's restrictions on transfer. Effect of unauthorized signature on issue. Completion or alteration of instrument. Rights of issuer with respect to registered owners. Effect of signature of authenticating trustee, registrar or transfer agent. PAET 3—PUECHASE

28:8—301. Rights acquired by purchaser; "adverse claim"; title acquired by bona fide purchaser. 28:8—302. "Bona fide purchaser". 28:8—303. "Broker". 28:8—304. Notice to purchaser of adverse claims. 28:8—305. Staleness as notice of adverse claims. 28:8—306. Warranties on presentment and transfer. 28:8—307. Effect of delivery without indorsement; right to compel indorsement. 28:8—308. Indorsement, how made; special indorsement; indorser not a guarantor; partial assignment. 28:8—309. Effect of indorsement without delivery. 28:8—310. Indorsement of security in bearer form. 28:8—311. Effect of unauthorized indorsement. 28:8—312. Effect of guaranteeing signature or indorsement.

731

�