Wis. Stat. § 407.404
No liability for good faith delivery pursuant to document of title
Redline — January 1, 2003 → current.View current text →
Current — January 1, 2009
As of January 1, 2003
A bailee who in good faith including observance of reasonable commercial standards has received goods and delivered or otherwise disposed of them according to the terms of the document of title or pursuant to this chapter is not liable therefor. This rule applies even though the person from whom the bailee received the goods had no authority to procure the document or to dispose of the goods and even though the person to whom the bailee delivered the goods had no authority to receive them.
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 any of the following apply:
(1) The person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods.
(2) The person to which the bailee delivered the goods did not have authority to receive the goods.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.