Oregon § 77.4040 No liability for good faith delivery pursuant to document of title

Oregon Statutes

§ 77.4040 — No liability for good faith delivery pursuant to document of title

Oregon § 77.4040

Vol.2

Title 8Commercial Transactions

Ch. 77Warehouse Receipts, Bills of Lading and Other Documents of Title

This text of Oregon § 77.4040 (No liability for good faith delivery pursuant to document of title) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 77.4040 (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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.