Louisiana Statutes
§ 10:7-508 — Warranties of collecting bank as to documents of title
Louisiana·Title 10 Commercial Laws
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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Louisiana § 10:7-508 (Warranties of collecting bank as to documents of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979; Acts 2009, No. 207, §3, eff. Jan. 1, 2010.
Nearby Sections
15
§ 10:7-101
§ 10:7-101§ 10:7-102
Definitions and index of definitions§ 10:7-103
Relation of Chapter to treaty or statute§ 10:7-105
Reissuance in alternative medium§ 10:7-106
Control of electronic document of title§ 10:7-201
§ 10:7-201§ 10:7-208
Altered warehouse receipts§ 10:7-209
Lien of warehouse