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:
(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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 7 - Documents of Title
Part 4 - Warehouse Receipts and Bills of Lading: General Obligations
§ 4-7-401. Irregularities in issue of receipt or bill or conduct of issuer
§ 4-7-402. Duplicate document of title — Overissue
§ 4-7-403. Obligation of bailee to deliver — Excuse
§ 4-7-404. No liability for good-faith delivery pursuant to document of title