When documents deliverable on acceptance; when on payment

Ind. Code § 26-1-2-514
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 514. 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. Formerly: Acts 1963, c.317, s.2-514.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements