Ohio § 1307.508 Warranties of collecting bank as to documents of title - UCC 7-508

Ohio Statutes

§ 1307.508 — Warranties of collecting bank as to documents of title - UCC 7-508

Ohio § 1307.508

Title 13Commercial Transactions

Ch. 1307Documents Of Title

This text of Ohio § 1307.508 (Warranties of collecting bank as to documents of title - UCC 7-508) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1307.508 (2026).

Text

Warranties of collecting bank as to documents  of title [UCC 7-508]

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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Warranties of collecting bank as to documents of title [UCC 7-508]

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.