New Jersey Statutes

§ 12A:7-508 — Warranties of collecting bank as to documents of title.

New Jersey § 12A:7-508
JurisdictionNew Jersey
Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:7-508 (Warranties of collecting bank as to documents of title.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.J. Stat. Ann. § 12A:7-508 (2026).

Text

12A: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. L.2013, c.65, s.2.

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Bluebook (online)
New Jersey § 12A:7-508, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/12A/12A%3A7-508.