Mich. Comp. Laws § 440.7404

Current through Public Act 151 of the 2024 Legislative Session

Section 440.7404 - Bailee's delivery in good faith according 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 any of the following apply:

(a) The person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods.

(b) The person to which the bailee delivered the goods did not have authority to receive the goods.

MCL 440.7404

Amended by 2012, Act 87,s 45, eff. 7/1/2013.

1962, Act 174, Eff. 1/1/1964.