Tennessee Statutes
§ 47-7-508 — Warranties of collecting bank as to documents of title
Tennessee·Title 47
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 47-7-508 (Warranties of collecting bank as to documents of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2008, ch. 814, § 1.
Nearby Sections
15
§ 47-1-101
Short title§ 47-1-102
Scope of chapter§ 47-1-104
Construction against implied repeal§ 47-1-105
Severability§ 47-1-106
Use of singular and plural - Gender§ 47-1-201
General definitions§ 47-1-202
Notice - Knowledge§ 47-1-204
Value§ 47-1-205
Reasonable time - Seasonableness§ 47-1-206
Presumptions§ 47-1-302
Variation by agreement