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2006 New York Code - When Documents Deliverable On Acceptance; When On Payment.



 
  Section 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.

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