Neb. U.C.C. § 7-404

Current with changes through the 2024 First Special Legislative Session

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.

Neb. U.C.C. § 7-404

Laws 2005, LB 570, § 85.