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Texas Business & Commerce Code

§ 2.514 — WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE; WHEN ON PAYMENT

BC § 2.514Title 1. UNIFORM COMMERCIAL CODE · Ch. 2. SALES · Art. E. PERFORMANCE

Statute text

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Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, only on payment.

Legislative history

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.

Source: Texas Business & Commerce Code § 2.514 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.