(a) A warehouse, by giving notice to the person on whose account the goods are held
and any other person known to claim an interest in the goods, may require payment
of any charges and removal of the goods from the warehouse at the termination of the
period of storage fixed by the document of title or, if a period is not fixed, within
a stated period not less than thirty days after the warehouse gives notice. If the goods are not removed before the date specified in the notice, the warehouse
may sell them pursuant to section 490:7-210.
(b) If a warehouse in good faith believes that goods are about to deteriorate or decline
in value to less than the amount of its lien within the time provided in subsection
(a) and section 490:7-210, the warehouse may specify in the notice given under subsection (a) any reasonable
shorter time for removal of the goods and, if the goods are not removed, may sell
them at public sale held not less than one week after a single advertisement or posting.
(c) If, as a result of a quality or condition of the goods of which the warehouse
did not have notice at the time of deposit, the goods are a hazard to other property,
the warehouse facilities, or other persons, the warehouse may sell the goods at public
or private sale without advertisement or posting on reasonable notification to all
persons known to claim an interest in the goods. If the warehouse, after a reasonable effort, is unable to sell the goods, it may dispose
of them in any lawful manner and does not incur liability by reason of that disposition.
(d) A warehouse shall deliver the goods to any person entitled to them under this
article upon due demand made at any time before sale or other disposition under this
(e) A warehouse may satisfy its lien from the proceeds of any sale or disposition
under this section but shall hold the balance for delivery on the demand of any person
to which the warehouse would have been bound to deliver the goods.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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