Sec. 42a-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.
(1959, P.A. 133, S. 7-404; P.A. 04-64, S. 28.)
History: P.A. 04-64 amended section to adopt the 2003 Revision of Uniform Commercial Code Article 7-Documents of Title.
Cited. 187 C. 637.
PART 5
WAREHOUSE RECEIPTS AND BILLS OF LADING:NEGOTIATION AND TRANSFER