Section 1307.404. No liability for good-faith delivery pursuant to document of title - UCC 7-404

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Part 4. Warehouse Receipts and Bills of Lading: General Obligations
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 sections 1307.101 to 1307.603 of the Revised Code is not liable for the goods even if:
(A) The person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods ; or
(B) The person to which the bailee delivered the goods did not have authority to receive the goods.

Renumbered from § 1307.28 and amended by 129th General AssemblyFile No.9, HB 9, §1, eff. 6/29/2011.

                    
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