N.Y. UCC Law § 7-404
This is the official text of N.Y. UCC Law § 7-404, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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No Liability for Good-Faith Delivery Pursuant to Document of Title
Official statutory text
Section 7--404. No Liability for Good-Faith Delivery Pursuant to\n Document of Title.\n A bailee that in good faith has received goods and delivered or\notherwise disposed of the goods according to the terms of a document of\ntitle or pursuant to this article is not liable for the goods even if:\n (1) the person from which the bailee received the goods did not have\nauthority to procure the document or to dispose of the goods; or\n (2) the person to which the bailee delivered the goods did not have\nauthority to receive the goods.\n
Status: in_force · Read it on the official government site
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