12A: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 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.
    L.2013, c.65, s.2.