§490:7-508 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. [L 2004, c 163, pt of §1]
Section: Previous 490-7-501 490-7-502 490-7-503 490-7-504 490-7-505 490-7-506 490-7-507 490-7-508 490-7-509 490-7-601 490-7-602 490-7-603 490-7-701 490-7-702 490-8-101-to-490-8-408 NextLast modified: October 27, 2016