Okla. Stat. tit. 12A § 7-404

Current through Laws 2024, c. 453.

Section 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 article is not liable 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 had no authority to receive the goods.

Okla. Stat. tit. 12A, § 7-404

Laws 1961, p. 148, § 7-404; Amended by Laws 2005 , HB 2035, c. 140, § 27, eff. 1/1/2006.

Oklahoma Code Comment

Prior Statutory Provisions: 2 O.S. §§ 9-69. 13 O.S. § 96.

Text and derivation of prior provisions, see Appendix at end of this title.

Comment:

The previous provisions are changed as set out in the Uniform Commercial Code Comment.