Wisconsin Code § 407.404

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 chapter is
not liable for the goods even if any of the following apply:
(1) The person from which the bailee received the goods did
not have authority to procure the document or to dispose of the
goods.
(2) The person to which the bailee delivered the goods did not
have authority to receive the goods.

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