28-2-514 WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE -- WHEN ON PAYMENT.
COMMERCIAL TRANSACTIONS
CHAPTER 2
UNIFORM COMMERCIAL CODE -- SALES
PART 5.
PERFORMANCE
28-2-514. 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 (3) days after presentment; otherwise, only on payment.