1. If a document of title is lost, stolen, or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liabilityto any person comply with the order. Ifthe document was negotiable, a court may not order delivery of the goods or issuance of a substitute document without the claimant’s posting security unless it finds that any person that may suffer loss as a result of nonsurrender of possession or control ofthe document isadequately protected against the loss. Ifthe document was not negotiable, the court may require security. The court may also order payment of the bailee’s reasonable costs and attorney’s fees in any action under this subsection. 2. A bailee that, without a court order, delivers goods to a person claiming under amissing negotiable document of title isliable to any person injured thereby. Ifthe delivery is not in good faith, the bailee is liable for conversion. Delivery in good faith is not conversion if the claimant posts security with the bailee in an amount at least double the value of the goods atthe time of posting to indemnify any person injured by the delivery which filesa notice of claim within one year after the delivery. [S13, §3138-a14, -b16; C24, 27, 31, 35, 39, §8261, 9674; C46, 50, 54, 58, 62, §487.17, 542.14; C66, 71, 73, 75, 77, 79, 81, §554.7601]
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