Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.07-507

Section 400.7-508.1

400.07-509→

August 28, 2015

Warranties of collecting bank as to documents.

400.7-508. A collecting bank or other intermediary known to be entrusted

with documents on behalf of another or with collection of a draft or other

claim against delivery of documents warrants by such delivery of the

documents only its own good faith and authority. This rule applies even

though the intermediary has purchased or made advances against the claim or

draft to be collected.



(L. 1963 p. 503 § 7-508)







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.