30-7-404. 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 the document of title or pursuant to this chapter is not liable for the goods even if:
(1) the person from whom 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.
History: En. Sec. 7-404, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-404; amd. Sec. 61, Ch. 575, L. 2005.
Structure Montana Code Annotated
Part 4. Warehouse Receipts and Bills of Lading General Obligations
30-7-401. Irregularities in issue of receipt or bill or conduct of issuer
30-7-402. Duplicate receipt or bill -- overissue
30-7-403. Obligation of warehouse or carrier to deliver -- excuse
30-7-404. No liability for good faith delivery pursuant to document of title