Sec. 45.07.402. - Duplicate document of title; overissue. - Alaska Statutes

A duplicate or another document of title purporting to cover goods already represented by an outstanding document of the same issuer does not confer a right in the goods, except as provided in the case of tangible bills of lading in a set of parts, overissue of documents for fungible goods, substitutes for lost, stolen, or destroyed documents, or substitute documents issued under AS 45.07.115 . The issuer is liable for damages caused by the issuer's overissue or failure to identify a duplicate document by a conspicuous notation.