If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action. DIVISION 8 INVESTMENT SECURITIES Chapter 81. Short Title and General Matters 82. Issue and Issuer 83. Transfer of Certificated and Uncertificated Securities 84. Registration 85. Security Entitlements Prior Provisions. Former Division 8, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed May 22, 1996, P.L.248, No.44, effective in 180 days. CHAPTER 81 SHORT TITLE AND GENERAL MATTERS Sec. 8101. Short title of division. 8102. Definitions and index of definitions. 8103. Rules for determining whether certain obligations and interests are securities or financial assets. 8104. Acquisition of security or financial asset or interest therein. 8105. Notice of adverse claim. 8106. Control. 8107. Whether indorsement, instruction or entitlement order is effective. 8108. Warranties in direct holding. 8109. Warranties in indirect holding. 8110. Applicability; choice of law. 8111. Clearing corporation rules. 8112. Creditor's legal process. 8113. Statute of frauds inapplicable. 8114. Evidentiary rules concerning certificated securities. 8115. Securities intermediary and others not liable to adverse claimant. 8116. Securities intermediary as purchaser for value. Prior Provisions. Former Chapter 81, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed May 22, 1996, P.L.248, No.44, effective in 180 days.
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