N.Y. Uniform Commercial Code Law Section 7-404
No Liability for Good-Faith Delivery Pursuant to Document of Title

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.

Source: Section 7-404 — No Liability for Good-Faith Delivery Pursuant to Document of Title, https://www.­nysenate.­gov/legislation/laws/UCC/7-404 (updated Dec. 26, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Dec. 26, 2014

§ 7-404’s source at nysenate​.gov

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