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§ 4-7-404 - No liability for good-faith delivery pursuant to document of title.

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4-7-404.No liability for good-faith delivery pursuant to document of title.Abailee that in good faith has received goods and delivered or otherwisedisposed of the goods according to the terms of a document of title orpursuant to this chapter is not liable for the goods even if:(1)theperson from which the bailee received the goods did not have authorityto 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.
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  • 4-7-404. No liability for good-faith delivery pursuant to document of title.

    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 chapter 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.

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