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2025 Pennsylvania Consolidated & Unconsolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 75 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 7508 - Warranties of collecting bank as to documents of title
Universal Citation:
13 PA Cons Stat § 7508 (2025)
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§ 7508. 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.
Cross References. Section 7508 is referred to in section 7507 of this title.
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