GroundRules
Iowa Code § 554.7404: No liability for good-faith delivery pursuant to document of title.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 7 - DOCUMENTS OF TITLE
- 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 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.
Collected 2026-09-14T19:40:15Z. Source file · JSON