§490:7-508  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 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. [L 2004, c 163, pt of §1]