Conflicting claims; interpleader.

If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action. DIVISION 8 INVESTMENT SECURITIES Chapter 81. Short Title and General Matters 82. Issue and Issuer 83. Transfer of Certificated and Uncertificated Securities 84. Registration 85. Security Entitlements Enactment. Division 8 was added May 22, 1996, P.L.248, No.44, effective in 180 days. Prior Provisions. Former Division 8, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed May 22, 1996, P.L.248, No.44, effective in 180 days.