554.7602 Judicial process against goods covered by negotiable document of title. Unless a document of title was originally issued upon delivery of the goods by a person that did not have power to dispose of them, a lien does not attach by virtue of any judicialprocess to goods in the possession of a bailee for which a negotiable document of title isoutstanding unless possession or control of the document is first surrendered to the baileeor the document’s negotiation is enjoined. The bailee may not be compelled to deliver thegoods pursuant to process until possession or control of the document is surrendered to thebailee or to the court. A purchaser of the document for value without notice of the process orinjunction takes free of the lien imposed by judicial process. [S13, §3138-a25, -b23, -b24; C24, 27, 31, 35, 39, §8268, 8269, 9685, 9968, 9969; C46, 50, 54, 58, 62, §487.24, 487.25, 542.25, 554.40, 554.41; C66, 71, 73, 75, 77, 79, 81, §554.7602] 2007 Acts, ch 30, §42, 45, 46 Sat Dec 23 01:58:04 2023 Iowa Code 2024, Section 554.7602 (24, 0)
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