Tennessee Statutes
§ 47-7-508 — Warranties of collecting bank as to documents of title
Tennessee § 47-7-508
JurisdictionTennessee
Title47
This text of Tennessee § 47-7-508 (Warranties of collecting bank as to documents of title) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 47-7-508 (2026).
Text
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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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 agreementCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 47-7-508, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/47-7-508.