Okla. Stat. tit. 12A, § 12A-7-508
This is the official text of Okla. Stat. tit. 12A, § 12A-7-508, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Warranties of collecting bank as to documents of title
Official statutory 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
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 418
if the collecting bank or other intermediary has purchased or made
advances against the claim or draft to be collected.
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
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 418
if the collecting bank or other intermediary has purchased or made
advances against the claim or draft to be collected.
Status: in_force · Read it on the official government site
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