Indiana § 26-1-7-404 No liability for good faith delivery upon receipt or bill

Indiana Statutes

§ 26-1-7-404 — No liability for good faith delivery upon receipt or bill

Indiana § 26-1-7-404

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 7Documents of Title

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Bluebook

Ind. Code § 26-1-7-404 (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 chapter 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. Formerly: Acts 1963, c.317, s.7-404. As amended by P.L.152-1986, SEC.256; P.L.143-2007, SEC.51.

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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 chapter 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.
Formerly: Acts 1963, c.317, s.7-404. As amended by
P.L.152-1986, SEC.256; P.L.143-2007, SEC.51.