554.7508 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 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 ordraft to be collected. [S13, §3138-a46; C24, 27, 31, 35, 39, §9706; C46, 50, 54, 58, 62, §542.46; C66, 71, 73, 75, 77, 79, 81, §554.7508] 2007 Acts, ch 30, §38, 45, 46Referred to in §554.7507 Sat Dec 23 01:58:02 2023 Iowa Code 2024, Section 554.7508 (24, 0)
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