N.Y. U.C.C. Law § 7-404

Current through 2024 NY Law Chapters 1-59 and 61-121

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.

N.Y. U.c.c. Law § 7-404

Added by New York Laws 2014, ch. 505,Sec. 23, eff. 12/17/2014.