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2016 Statute



Prev Article 7. - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLENext


84-7-508.Warranties of collecting bank as to documents of title. A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.

History: L. 2007, ch. 90, § 37; July 1, 2008.

Revisor's Note:

Former section 84-7-508 repealed by L. 2007, ch. 90, § 78 and the number reassigned to the current text.



Prev Article 7. - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLENext
2018. Powered by KLISS. Rendered: 2018-01-23T23:38:56. Head Rev No: 372623