Illinois Code § 810 ILCS 5/7-404

No liability for good-faith delivery pursuant to document of title.
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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 Article is not liable for the goods 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 did not have authority to receive the goods.

goods did not have authority to procure the document or to dispose of the goods; or
goods did not have authority to receive the goods.
(810 ILCS 5/Art. 7 Pt. 5 heading)
 
PART 5

WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

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