Alaska § 45.07.503 - Document of title to goods defeated in certain cases.
Full text of Alaska Alaska Statutes § 45.07.503 — Document of title to goods defeated in certain cases., with citation guidance and answers to common questions.
§ 45.07.503. Document of title to goods defeated in certain cases.
(a) A document of title confers no right in goods against a person who, before issuance of the document, had a legal interest or a perfected security interest in the goods and who did not (1) deliver or entrust the goods or a document of title covering the goods to the bailor or the bailor's nominee with (A) actual or apparent authority to ship, store, or sell;
(B) power to obtain delivery under AS 45.07.403 ; or
(C) power of disposition under AS 45.02.403 , AS 45.12.304 (b), 45.12.305(b), AS 45.29.320 , 45.29.321(c) or other statute or rule of law; or
(2) acquiesce in the procurement by the bailor or its nominee of a document.
(b) Title to goods based upon an unaccepted delivery order is subject to the rights of a person to whom a negotiable warehouse receipt or bill of lading covering the goods has been duly negotiated. That title may be defeated under AS 45.07.504 to the same extent as the rights of the issuer or a transferee from the issuer.
(c) Title to goods based upon a bill of lading issued to a freight forwarder is subject to the rights of a person to whom a bill issued by the freight forwarder is duly negotiated. However, delivery by the carrier in accordance with AS 45.07.401 — 45.07.404 under its own bill of lading discharges the carrier's obligation to deliver.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.07.503
What does Alaska Statutes § 45.07.503 cover?
Section 45.07.503 ("Document of title to goods defeated in certain cases.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.07.503?
A common citation format is "Alaska Statutes § 45.07.503" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.07.503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.