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AS 45.07.404

No liability for good faith delivery under document of title

Known as the Uniform Commercial Code

The act spans §§ 45–45 (615 sections).

A bailee who, in good faith, has received goods and delivered or otherwise disposed of the goods according to the terms of a document of title or under this chapter is not liable for the goods even if the person (1) from whom the bailee received the goods did not have authority to procure the document or to dispose of the goods; or

(2) to whom the bailee delivered the goods did not have authority to receive the goods.

Article 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.