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Texas Business & Commerce Code - Section 2.514. When Documents Deliverable On Acceptance; When On Payment

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 2.514. When Documents Deliverable On Acceptance; When On Payment

§ 2.514. WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE;  WHEN 
ON PAYMENT.  Unless otherwise agreed documents against which a 
draft is drawn are to be delivered to the drawee on acceptance of 
the draft if it is payable more than three days after presentment;  
otherwise, only on payment.

Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.           

Last modified: August 10, 2007