1. A warehouse, by giving notice to the person on whose account the goods are held and any otherperson known to claim an interest in thegoods, mayrequirepayment of any charges and removalof the goods from thewarehouse atthe termination of the period of storage fixed by the document of titleor, ifa period is not fixed, within a stated period not less than thirty days after the warehouse gives notice. Ifthe goods are not removed before the date specified in the notice, the warehouse may sell them pursuant to section 554.7210. 2. 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 1 and section 554.7210, the warehouse may specify in the notice given under subsection 1 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. 3. 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 allpersons 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 anylawful manner and does not incur liabilityby reason ofthat disposition. 4. 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. 5. A warehouse may satisfy its lien from the proceeds of any sale or disposition under thissection but shall hold the balance for delivery on the demand of any person towhich the warehouse would have been bound to deliver the goods. [S13, §3138-a34; C24, 27, 31, §9694; C35, §9694, 9751-g21; C39, §9694, 9751.21; C46, 50, 54, 58, 62, §542.34, 543.23; C66, 71, 73, 75, 77, 79, 81, §554.7206]
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