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    • Legislation USA
    • 2021 Tennessee Code
    • Title 47 - Commercial Instruments and Transactions
    • Chapter 4 - Bank Deposits and Collections
    • Part 5 - Collection of Documentary Drafts

    2021 Tennessee Code
    Chapter 4 - Bank Deposits and Collections
    Part 5 - Collection of Documentary Drafts

    § 47-4-501. Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor - A bank that takes a documentary draft for collection shall...

    § 47-4-502. Presentment of “On Arrival” Drafts - If a draft or the relevant instructions require presentment “on...

    § 47-4-503. Responsibility of Presenting Bank for Documents and Goods — Report of Reasons for Dishonor — Referee in Case of Need - Unless otherwise instructed and except as provided in chapter 5...

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