{"data":{"id":"us-ky/krs-355.7-503","jurisdiction":"us-ky","citation":"KRS 355.7-503","heading":"Document of title to goods defeated in certain cases.","body":"(1) A document of title confers no right in goods against a person that before issuance\nof the document had a legal interest or a perfected security interest in the goods and\nthat did not:\n(a) Deliver or entrust the goods or any document covering the goods to the bailor\nor the bailor's nominee with actual or apparent authority to ship, store, or sell;\nwith power to obtain delivery under KRS 355.7 -403; or with power of\ndisposition under KRS 355.2 -403, 355.2A -304(2), 355.2A-305(2), or 355.9 -\n320 or other statute or rule of law; or\n(b) Acquiesce in the procurement by the bailor or its nominee of any document.\n(2) Title to goods based upon an unaccepted delivery order is subject to the rights of\nany person to which a negotiable warehouse receipt or bill of lading cov ering the\ngoods has been duly negotiated. That title may be defeated under KRS 355.7 -504 to\nthe same extent as the rights of the issuer or a transferee from the issuer.\n(3) Title to goods based upon a bill of lading issued to a freight forwarder is subject  to\nthe rights of any person to which a bill issued by the freight forwarder is duly\nnegotiated. However, delivery by the carrier in accordance with Part 4 of this article\npursuant to its own bill of lading discharges the carrier's obligation to deliver.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40633","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:46Z","sha256":"301f0112af7dd556f000e2b3fd7ee93c5925e41c584d4945f272849a60e8a728","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.7-502","next":"us-ky/krs-355.7-504"},"notice":"GroundRules: Original legal text. Not legal advice."}