Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 7-404 — No Liability for Good-Faith Delivery Pursuant to Document of Title
N.Y. U.C.C. Law § 7-404
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 7--404. No Liability for Good-Faith Delivery Pursuant to
Citator
N.Y. U.C.C. Law § 7-404 — No Liability for Good-Faith Delivery Pursuant to Document of Title is in force in the current edition of the Code, and nothing recorded condemns it.
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.