Indiana Statutes
§ 26-1-7-508 — Warranties of collecting bank as to documents
Indiana § 26-1-7-508
This text of Indiana § 26-1-7-508 (Warranties of collecting bank as to documents) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-7-508 (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 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.
Formerly: Acts 1963, c.317, s.7-508. As amended by
P.L.143-2007, SEC.59.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-7-508, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-7-508.