Montana Statutes
§ 30-7-508 — Warranties Of Collecting Bank As To Documents Of Title
Montana·Title 30 TRADE AND COMMERCE·Ch. 7 UNIFORM COMMERCIAL CODE -- WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE·Part 5 Warehouse Receipts and Bills of Lading Negotiation and Transfer
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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Montana § 30-7-508 (Warranties Of Collecting Bank As To Documents Of Title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 7-508, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-508; amd. Sec. 68, Ch. 575, L. 2005.
Nearby Sections
15
§ 30-7-101
Short Title§ 30-7-102
Definitions And Index Of Definitions§ 30-7-103
Relation Of Chapter To Treaty Or Statute§ 30-7-105
Repealed§ 30-7-106
Reissuance In Alternative Medium§ 30-7-107
Control Of Electronic Document Of Title§ 30-7-202
Form Of Warehouse Receipt§ 30-7-208
Altered Warehouse Receipts