§490:7-304  Tangible bills of lading in a
set.  (a)  Except as customary in international transportation, a tangible
bill of lading may not be issued in a set of parts.  The issuer is liable for
damages caused by violation of this subsection.



(b)  If a tangible bill of lading is lawfully
issued in a set of parts, each of which contains an identification code and is
expressed to be valid only if the goods have not been delivered against any
other part, the whole of the parts constitutes one bill.



(c)  If a tangible negotiable bill of lading is
lawfully issued in a set of parts and different parts are negotiated to
different persons, the title of the holder to which the first due negotiation
is made prevails as to both the document of title and the goods even if any
later holder may have received the goods from the carrier in good faith and
discharged the carrier's obligation by surrendering its part.



(d)  A person that negotiates or transfers a
single part of a tangible bill of lading issued in a set is liable to holders
of that part as if it were the whole set.



(e)  The bailee shall deliver in accordance
with part 4 against the first presented part of a tangible bill of lading
lawfully issued in a set.  Delivery in this manner discharges the bailee's obligation
on the whole bill. [L 2004, c 163, pt of §1]