Pub. L. 88-243, subtit. I, pt. 5, sec. 28:2–514
When documents deliverable on acceptance; when on payment
§ 28:2—514. When documents deliverable on acceptance; when on paymentUnless 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.