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N.J. Stat. Ann. § 12A:7-404

No liability For good-faith delivery pursuant to document of title

Known as the Uniform Commercial Code

The act spans §§ 12A:1-101 to 12A:9-809 (506 sections).

L.2013, c.65, s.2.

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 Chapter is not liable for the goods even if:

a. the person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods; or

b. the person to which the bailee delivered the goods did not have authority to receive the goods.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.