Iowa Statutes

§ 554.7508 — Warranties of collecting bank as to documents of title

Iowa § 554.7508
JurisdictionIowa
Title XIIICOMMERCE
Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.7508 (Warranties of collecting bank as to documents of title) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Iowa Code § 554.7508 (2026).

Text

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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Legislative History

[S13, §3138-a46; C24, 27, 31, 35, 39, §9706; C46, 50, 54, 58, 62, §542.46; C66, 71, 73, 75, 77, 79, 81, §554.7508]

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Bluebook (online)
Iowa § 554.7508, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/554.7508.