Kentucky Statutes 355.7-603 – Conflicting claims — Interpleader
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If more than one (1) 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.
Effective: July 12, 2012
History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 41, effective July 12,
2012. — Created 1958 Ky. Acts ch. 77, sec. 7-603, effective July 1, 1960.
Effective: July 12, 2012
Terms Used In Kentucky Statutes 355.7-603
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Bailee: means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. See Kentucky Statutes 355.7-102
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Kentucky Statutes 355.7-102
History: Repealed and reenacted 2012 Ky. Acts ch. 132, sec. 41, effective July 12,
2012. — Created 1958 Ky. Acts ch. 77, sec. 7-603, effective July 1, 1960.