California Commercial Code
§ 7508
COM § 7508 Effective Jan 1, 2007Div. 7 · Ch. 5
Statute text
View on leginfo.ca.govA 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.
Legislative history
Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.