Georgia Statutes
§ 11-7-508 — Warranties of collecting bank as to documents of title
Georgia·Title 11
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.
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Georgia § 11-7-508 (Warranties of collecting bank as to documents of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by 2010 Ga. Laws 470,§ 1-1, eff. 5/27/2010.
Nearby Sections
15
§ 11-1-101
Short titles§ 11-1-102
Scope of article§ 11-1-104
Construction against implicit repeal§ 11-1-105
Severability§ 11-1-106
Use of singular and plural; gender§ 11-1-107
Section captions§ 11-1-201
General definitions§ 11-1-202
Notice; knowledge§ 11-1-204
Value§ 11-1-205
Reasonable time; seasonableness§ 11-1-206
Presumptions