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.
Miss. Code Ann. § 75-2-514
When documents deliverable on acceptance; when on payment
Known as the Uniform Commercial Code
The act spans §§ 75–75 (480 sections).
Codes, 1942, § 41A:2-514; Laws, 1966, ch. 316, § 2-514, eff March 31, 1968.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.