28-2-514 WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE -- WHEN ON PAYMENT.

TITLE 28

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.