§ 7-508. Warranties of collecting bank as to documents of title
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 7-508
§ 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.
Credits
Added by Acts 2004, c. 95, § 2, eff. Oct. 1, 2004.
MD Code, Commercial Law, § 7-508, MD COML § 7-508
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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