RS 10:7-508
A collecting bank or similar intermediary that holds documents of title or collects a draft/claim for another warrants only its own good faith and authority when delivering the documents.
- Banking
- Collections
- Documents of title
Browse 46,252 source-backed statutes, open stored provisions and move directly into source-grounded legal research.
46,252 statutes · page 13 of 2313
United States — Louisiana legislation
20 statutes shown from 46,252 source-backed records
A collecting bank or similar intermediary that holds documents of title or collects a draft/claim for another warrants only its own good faith and authority when delivering the documents.
A document of title is judged by other law, not by this Chapter, when deciding if it is enough for a sale contract, lease contract, or letter of credit.
If a document of title is lost, stolen, or destroyed, a court may order delivery of the goods or a substitute document, and the bailee may comply without liability.
A purchaser for value without notice of the process or injunction takes the document free of a judicial lien.
If multiple people claim the same goods, the bailee does not have to deliver them right away and may bring a concursus.
This section defines fraud involving documents of title and sets criminal penalties for several kinds of false or deceptive issuing, delivering, negotiating, or transferring of warehouse receipts and bills of lading.
This chapter may be cited as Uniform Commercial Code--Investment Securities.
This section defines terms used in Chapter 8, including “adverse claim,” “bearer form,” “broker,” “financial asset,” “securities intermediary,” “security,” and related concepts.
This section says which interests count as securities or financial assets, and lists several specific inclusions and exclusions.
This section explains when a person is treated as acquiring a security or financial asset, and when that person has the rights of a security entitlement holder.
This section says when a person is treated as having notice of an adverse claim to a financial asset, and when certain facts do not count as notice.
This section defines when a purchaser has control of certain securities and security entitlements, and restricts issuers or securities intermediaries from entering some control agreements without the required consent.
This section says when an indorsement, instruction, or entitlement order counts as effective, including who counts as the appropriate person.
This section sets warranty rules for people transferring or handling securities, including certificated and uncertificated securities.
This section makes people and securities intermediaries give warranties when they handle entitlement orders, security certificates, or uncertificated securities.
This section says which jurisdiction’s law governs several securities matters, and it lets an issuer organized under this State’s law choose another jurisdiction’s law for some of those matters.
A clearing corporation’s rule about rights and obligations with its participants is effective even if it conflicts with certain chapter provisions and even if another party does not consent.
A creditor may reach a debtor’s securities only through the specific legal process stated here, with different rules for certificated, uncertificated, and security-entitlement interests.
A contract or contract modification for the sale or purchase of a security is enforceable even without a signed writing or authenticated record.
This section sets evidentiary rules for lawsuits on certificated securities against the issuer.
Explore more