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2017 Missouri Revised Statutes
Title XXVI TRADE AND COMMERCE
Chapter 400 Uniform Commercial Code
Section 400.7-508 Warranties of collecting bank as to documents.
Universal Citation: MO Rev Stat § 400.7-508 (2017)
Effective 28 Aug 2017
Title XXVI TRADE AND COMMERCE
Chapter 400400.7-508. Warranties of collecting bank as to documents. — 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.
(L. 1963 p. 503 § 7-508, A.L. 2017 H.B. 34)
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