Iowa Code 554.2514 – When documents deliverable on acceptance — when on payment
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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.
[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]
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.
[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]