47-7404. 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.