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:\n(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\n(2) The person to which the bailee delivered the goods did not have authority to receive the goods. [1961 c.726 §77.4040; 2009 c.181 §76]\nWAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER
Oregon Legal Code