810 ILCS 5/2-514

(810 ILCS 5/2-514) (from Ch. 26, par. 2-514)

Sec. 2-514. When documents deliverable on acceptance; when on payment.

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 3 days after presentment; otherwise, only on payment.

(Source: Laws 1961, p. 2101.)