§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]
Section: Previous 490-7-306 490-7-307 490-7-308 490-7-309 490-7-401 490-7-402 490-7-403 490-7-404 490-7-501 490-7-502 490-7-503 490-7-504 490-7-505 490-7-506 490-7-507 NextLast modified: October 27, 2016