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.
Utah Code § 70A-2-514
When documents deliverable on acceptance -- When on payment
Known as the Uniform Commercial Code
The act spans §§ 70–70 (293 sections).
Enacted by Chapter 154, 1965 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.