§ 7-508. Warranties of Collecting Bank as to Documents of Title
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 7-508
§ 7-508. Warranties of Collecting Bank as to Documents of Title
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
Laws 1961, p. 150, § 7-508; Laws 2005, c. 140, § 35, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 7-508, OK ST T. 12A § 7-508
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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