There Is a Newer Version
of
the Vermont Statutes
2011 Vermont Code
Title 09A Uniform Commercial Code
Article 7 Warehouse Receipts, Bills of Lading and Other Docu
§ 508 Warranties of collecting bank as to documents
Universal Citation:
9A VT Stats § 7-508. (2011 through Adj Sess)
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 7-508. Warranties of collecting bank as to documents
A collecting bank or other intermediary known to be entrusted with documents on behalf of another or with collection of a draft or other claim against delivery of documents warrants by such delivery of the documents only its own good faith and authority. This rule applies even though the intermediary has purchased or made advances against the claim or draft to be collected.
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