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the Wisconsin Statutes & Annotations
2012 Wisconsin Statutes & Annotations
407. Uniform commercial code — documents of title.
407.508 Warranties of collecting bank as to documents of title.
Universal Citation:
WI Stat § 407.508 (2012 through Act 45)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
407.508 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.
History: 2009 a. 322.
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