Texas Business & Commerce Code - Section 7.404. No Liability For Good Faith Delivery Pursuant To Document Of Title
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Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 7.404. No Liability For Good Faith Delivery Pursuant To Document Of Title
§ 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.
Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.
Amended by Acts 2005, 79th Leg., ch. 122, § 1, eff. Sept. 1,
2005.
Section: 7.306 7.307 7.308 7.309 7.401 7.402 7.403 7.404 7.501 7.502 7.503 7.504 7.505 7.506 7.507
Last modified: August 10, 2007
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