Tex. Bus. & Com. Code § 7.508
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Bus. and Comm. Code § 7.508