North Carolina General Statutes § 25-7-508 Warranties of collecting bank as to documents of title
Legal Research Home >
North Carolina Lawyer
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. (1917, c. 37, s. 46; 1919, c. 65, s. 36; C.S., ss. 318, 4086; 1965, c. 700, s. 1; 2006‑112, s. 25.)
Sections: 25-7-501 25-7-502 25-7-503 25-7-504 25-7-505 25-7-506 25-7-507 25-7-508 25-7-509 25-7-601 25-7-602 25-7-603 25-8-101 25-8-102 25-8-103
Last modified: February 21, 2012
|
