Colorado Code
Part 4 - Warehouse Receipts and Bills of Lading - General Obligations
§ 4-7-402. 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 4-7-105. The issuer is liable for damages caused by its overissue or failure to identify a duplicate document by a conspicuous notation.
Source: L. 2006: Entire article R&RE, p. 483, § 2, effective September 1.
Editor's note: This section is similar to former § 4-7-402 as it existed prior to 2006.
Prior Uniform Statutory Provision: Former Section 7-402.
Changes: Changes to accommodate electronic documents.
Purposes:



Section 7-105 allows documents of title to be reissued in another medium. Re-issuance of a document in an alternative medium under Section 7-105 requires that the original document be surrendered to the issuer in order to make the substitute document the effective document. If the substitute document is not issued in compliance with section 7-105, then the document should be treated as a duplicate under this section.
Cross References:
Point 1: Sections 7-105, 7-207, 7-304, and 7-601.
Point 3: Section 7-503.
Definitional Cross References:
"Bill of lading". Section 1-201.
"Conspicuous". Section 1-201.
"Document of title". Section 1-201.
"Fungible" goods. Section 1-201.
"Goods". Section 7-102.
"Issuer". Section 7-102.
"Right". Section 1-201.

Structure Colorado Code