Indiana Statutes

§ 26-1-2-514 — When documents deliverable on acceptance; when on payment

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 2 Sales
Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three (3) days after presentment; otherwise, only on payment. Formerly: Acts 1963, c.317, s.2-514.

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