30-2-514. 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 3 days after presentment; otherwise, only on payment.

     History: En. Sec. 2-514, Ch. 264, L. 1963; R.C.M. 1947, 87A-2-514.