HRS §490:7-508
What a bank promises when it handles shipping documents
Read the official text at capitol.hawaii.gov ↗When a bank or middleman handles shipping documents for someone else, it only promises that it is acting honestly and has the right to do so. This is true even if the bank paid for the claim or loaned money against it.
financial institutions
The statute, as written — Warranties of collecting bank as to documents of title
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.