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§12A-7-206.


§12A-7-206.
   
   (1) A warehouseman may on notifying the person on whose account the
   goods are held and any other person known to claim an interest in the
   goods 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, or, if no period is fixed, within a stated period not less
   than thirty (30) days after the notification. If the goods are not
   removed before the date specified in the notification, the
   warehouseman may sell them in accordance with the provisions of the
   section on enforcement of a warehouseman's lien (Section 7-210).
   
   (2) If a warehouseman in good faith believes that the goods are about
   to deteriorate or decline in value to less than the amount of his lien
   within time prescribed in subsection (1) for notification,
   advertisement and sale, the warehouseman may specify in the
   notification any reasonable shorter time for removal of the goods and
   in case the goods are not removed, may sell them at public sale held
   not less than one (1) week after a single advertisement or posting.
   
   (3) If as a result of a quality or condition of the goods of which the
   warehouseman had no notice at the time of deposit the goods are a
   hazard to other property or to the warehouse or to persons, the
   warehouseman may sell the goods at public or private sale without
   advertisement on reasonable notification to all persons known to claim
   an interest in the goods. If the warehouseman after a reasonable
   effort is unable to sell the goods he may dispose of them in any
   lawful manner and shall incur no liability by reason of such
   disposition.
   
   (4) The warehouseman must deliver the goods to any person entitled to
   them under this article upon due demand made at any time prior to sale
   or other disposition under this section.
   
   (5) The warehouseman may satisfy his lien from the proceeds of any
   sale or disposition under this section but must hold the balance for
   delivery on the demand of any person to whom he would have been bound
   to deliver the goods.
   

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