Section 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.
No Liability for Good-Faith Delivery Pursuant to Document of Title
N.Y. Uniform Commercial Code Law § 7-404, under Warehouse Receipts and Bills of Lading: General Obligations.
N.Y. Uniform Commercial Code Law § 7-404