Montana § 30-7-508 Warranties Of Collecting Bank As To Documents Of Title

Montana Statutes

§ 30-7-508 — Warranties Of Collecting Bank As To Documents Of Title

Montana § 30-7-508

Title 30TRADE AND COMMERCE

Ch. 7UNIFORM COMMERCIAL CODE -- WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE

Part 5Warehouse Receipts and Bills of Lading Negotiation and Transfer

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Bluebook

Mont. Code Ann. § 30-7-508 (2026).

Text

30-7-508 . Warranties of collecting bank as to documents of title. 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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30-7-508 . Warranties of collecting bank as to documents of title. 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.