Alaska Statutes.
Title 45. Trade and Commerce
Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Section 404. No Liability For Good Faith Delivery Pursuant to Receipt or Bill.
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AS 45.07.404. No Liability For Good Faith Delivery Pursuant to Receipt or Bill.

A bailee who in good faith, including observance of reasonable commercial standards, has received goods and delivered or otherwise disposed of them according to the terms of the document of title or under this chapter is not liable for that disposal. This rule applies even though the person from whom the bailee received the goods had no authority to procure the document or to dispose of the goods and even though the person to whom the bailee delivered the goods had no authority to receive them.

Article 05. WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

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