Code of Alabama
Article 4 - Bank Deposits and Collections.
Part 5 - Collection of Documentary Drafts.

Section 7-4-501 - 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...

Section 7-4-502 - Presentment of "On Arrival" Drafts. - If a draft or the relevant instructions require presentment "on...

Section 7-4-503 - 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 Article 5,...

Section 7-4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses. - (a) A presenting bank that, following the dishonor of a...