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

Oklahoma Statutes

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

Oklahoma § 12A-7-508

Title 12AUniform Commercial Code

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

Bluebook

Okla. Stat. tit. 12A, § 12A-7-508 (2026).

Text

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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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.