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UTAH STATUTES AND CODES
70A-7a-508 - Warranties of collecting bank as to documents of title.
70A-7a-508. Warranties of collecting bank as to documents of title.
A collecting bank or other intermediary known to be entrusted with documents of title onbehalf of another or with collection of a draft or other claim against delivery of documentswarrants by the delivery of the documents only its own good faith and authority even if thecollecting bank or other intermediary has purchased or made advances against the claim or draftto be collected.
A collecting bank or other intermediary known to be entrusted with documents of title onbehalf of another or with collection of a draft or other claim against delivery of documentswarrants by the delivery of the documents only its own good faith and authority even if thecollecting bank or other intermediary has purchased or made advances against the claim or draftto be collected.
Enacted by Chapter 42, 2006 General Session
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