§490:7-404  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 article 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. [L 2004, c 163, pt of §1]