Nevada Code § 104.7403

Obligation of bailee to deliver; excuse
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1. A bailee shall deliver the goods to a
person entitled under a document of title if the person complies with
subsections 2 and 3, unless and to the extent that the bailee establishes any
of the following:
(a) Delivery of the goods to a person whose
receipt was rightful as against the claimant;
(b) Damage to or delay, loss or destruction of
the goods for which the bailee is not liable;
(c) Previous sale or other disposition of the
goods in lawful enforcement of a lien or on a warehouses lawful termination of
storage;
(d) The exercise by a seller of its right to stop
delivery pursuant to NRS 104.2705 or by
a lessor of its right to stop delivery pursuant to NRS 104A.2526 ;
(e) A diversion, reconsignment or other
disposition pursuant to NRS 104.7303 ;
(f) Release, satisfaction or any other personal
defense against the claimant; or
(g) Any other lawful excuse.
2. A person claiming goods covered by a
document of title shall satisfy the bailees lien if the bailee so requests or
if the bailee is prohibited by law from delivering the goods until the charges
are paid.
3. Unless a person claiming the goods is a
person against whom the document of title does not confer a right under
subsection 1 of NRS 104.7503 :
(a) The person claiming under a document shall
surrender possession or control of any outstanding negotiable document covering
the goods for cancellation or indication of partial deliveries; and
(b) The bailee shall cancel the document or
conspicuously indicate in the document the partial delivery or the bailee is
liable to any person to whom the document is duly negotiated.

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