Pub. L. 103-272, subtit. X, ch. 801, sec. 80114

Lost, stolen, and destroyed negotiable bills

EnactedYear: 1994Length: 156 wordsOfficial source
§ 80114. Lost, stolen, and destroyed negotiable bills (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. 7716 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.