84-7-206. Termination of storage at warehouse's option. (a) A warehouse, by giving notice to the person on whose account the goods are held and any other person known to claim an interest in the goods, may require payment of any charges and removal of the goods from the warehouse at the termination of the period of storage fixed by the document of title or, if a period is not fixed, within a stated period not less than 30 days after the warehouse gives notice. If the goods are not removed before the date specified in the notice, the warehouse may sell them pursuant to K.S.A. 2021 Supp. 84-7-210, and amendments thereto.
(b) If a warehouse in good faith believes that goods are about to deteriorate or decline in value to less than the amount of its lien within the time provided in subsection (a) and K.S.A. 2021 Supp. 84-7-210, and amendments thereto, the warehouse may specify in the notice given under subsection (a) any reasonable shorter time for removal of the goods and, if the goods are not removed, may sell them at public sale held not less than one week after a single advertisement or posting.
(c) If, as a result of a quality or condition of the goods of which the warehouse did not have notice at the time of deposit, the goods are a hazard to other property, the warehouse facilities, or other persons, the warehouse may sell the goods at public or private sale without advertisement or posting on reasonable notification to all persons known to claim an interest in the goods. If the warehouse, after a reasonable effort, is unable to sell the goods, it may dispose of them in any lawful manner and does not incur liability by reason of that disposition.
(d) A warehouse shall deliver the goods to any person entitled to them under this article upon due demand made at any time before sale or other disposition under this section.
(e) A warehouse may satisfy its lien from the proceeds of any sale or disposition under this section but shall hold the balance for delivery on the demand of any person to which the warehouse would have been bound to deliver the goods.
History: L. 2007, ch. 90, § 12; July 1, 2008.
Revisor's Note:
Former section 84-7-206 repealed by L. 2007, ch. 90, § 78 and the number reassigned to the current text.
Structure Kansas Statutes
Chapter 84 - Uniform Commercial Code
Article 7 - Warehouse Receipts, Bills Of Lading And Other Documents Of Title
84-7-102 Definitions and index of definitions.
84-7-103 Relation of article to treaty or statute.
84-7-104 Negotiable and nonnegotiable document of title.
84-7-105 Reissuance in alternative medium.
84-7-106 Control of electronic document of title.
84-7-201 Person that may issue a warehouse receipt; storage under bond.
84-7-202 Form of warehouse receipt; effect of omission.
84-7-203 Liability for nonreceipt or misdescription.
84-7-204 Duty of care; contractual limitation of warehouse's liability.
84-7-205 Title under warehouse receipt defeated in certain cases.
84-7-206 Termination of storage at warehouse's option
84-7-207 Goods must be kept separate; fungible goods.
84-7-208 Altered warehouse receipts.
84-7-210 Enforcement of warehouse's lien.
84-7-302 Through bills of lading and similar documents of title.
84-7-303 Diversion; reconsignment; change of instructions.
84-7-304 Tangible bills of lading in a set.
84-7-306 Altered bills of lading.
84-7-308 Enforcement of carrier's lien.
84-7-309 Duty of care; contractual limitation of carrier's liability.
84-7-401 Irregularities in issue of receipt or bill or conduct of issuer.
84-7-402 Duplicate document of title; overissue.
84-7-403 Obligation of bailee to deliver; excuse.
84-7-404 No liability for good faith delivery pursuant to document of title.
84-7-501 Form of negotiation and requirements of due negotiation.
84-7-502 Rights acquired by due negotiation.
84-7-503 Document of title to goods defeated in certain cases.
84-7-504 Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery.
84-7-505 Indorser not a guarantor for other parties.
84-7-506 Delivery without indorsement; right to compel indorsement.
84-7-507 Warranties on negotiation or delivery of document of title.
84-7-508 Warranties of collecting bank as to documents of title.
84-7-509 Adequate compliance with commercial contract.
84-7-601 Lost, stolen or destroyed documents of title.
84-7-602 Judicial process against goods covered by negotiable document of title.