Iowa § 554.7404 No liability for good-faith delivery pursuant to document of title

Iowa Statutes

§ 554.7404 — No liability for good-faith delivery pursuant to document of title

Iowa § 554.7404

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.7404 (No liability for good-faith delivery pursuant to document of title) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.7404 (2026).

Text

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.

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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.

Legislative History

[S13, §2074-b, 3138-a10, -b12; C24, 27, 31, 35, 39, §8257, 9670, 10980; C46, 50, 54, 58, 62, §487.13, 542.10, 613.6; C66, 71, 73, 75, 77, 79, 81, §554.7404]