There Is a Newer Version of the Vermont Statutes
  1. 2025 Vermont Stat.
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. 2011 Vermont Stat. (here)
  5. View All Versions
View Our Newest Version Here

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


9A VT Stats § 7-508. (2011 through Adj Sess) What's This?

§ 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.

Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.