1. (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. (2) The person to which the bailee delivered the goods did not have authority to receive the goods.

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:

History of Section.
P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.