554.2514  When documents deliverable on acceptance--when on payment.

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.

Section History: Early form

  [S13, § 3138-b40; C24, 27, 31, 35, 39, § 8285; C46, 50, 54, 58, 62, § 487.41; C66, 71, 73, 75, 77, 79, 81, § 554.2514]


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