§ 7-404. No liability for good faith delivery pursuant to receipt or bill

Latest version.

   A bailee that in good faith has received goods and delivered or otherwise disposed of the goods according to the terms of a document of title or pursuant to this title is not liable for the goods even if:

   (1) The person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods; or

   (2) The person to which the bailee delivered the goods did not have authority to receive the goods.

HISTORY: 2004, ch. 95, § 2.

                    
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