Section 7-404: No Liability For Good–Faith Delivery Pursuant To Document Of Title
[Text of section applicable as provided by 2013, 30, Sec. 116.]
Section 7-404. 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.