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 days after presentment; otherwise, only on payment.
Tex. Bus. & Com. Code § 2.514
WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE; WHEN ON PAYMENT
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.