56:4A-3 - Customer's failure to take possession following notice; destruction
56:4A-3.Ā Customer's failure to take possession following notice; destruction
If a customer does not take possession of the particular die, mold, or formĀ within 120 days following the date the molder receives acknowledgement orĀ nonacknowledgement of the return receipt of the notice or does not make otherĀ contractual arrangements with the molder for taking possession or for theĀ storage thereof, all rights, title, and interest of the customer shall transferĀ by law to the molder.Ā Thereafter, the molder shall be entitled to destroy theĀ particular die, mold, or form as the molder's own property without any risk ofĀ liability to the customer.
L.1983, c. 217, s. 3.
Ā
If a customer does not take possession of the particular die, mold, or formĀ within 120 days following the date the molder receives acknowledgement orĀ nonacknowledgement of the return receipt of the notice or does not make otherĀ contractual arrangements with the molder for taking possession or for theĀ storage thereof, all rights, title, and interest of the customer shall transferĀ by law to the molder.Ā Thereafter, the molder shall be entitled to destroy theĀ particular die, mold, or form as the molder's own property without any risk ofĀ liability to the customer.
L.1983, c. 217, s. 3.
Ā