Mississippi § 75-7-508 - Warranties of collecting bank as to documents.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-7-508 — Warranties of collecting bank as to documents., with citation guidance and answers to common questions.
§ 75-7-508. Warranties of collecting bank as to documents.
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 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.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-7-508
What does Mississippi Code of 1972 Annotated § 75-7-508 cover?
Section 75-7-508 ("Warranties of collecting bank as to documents.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 75-7-508?
A common citation format is "Mississippi Code of 1972 Annotated § 75-7-508" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 75-7-508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.