A bank that takes a documentary draft for collection shall present or send the draft and accompanying documents for presentment and, upon learning that the draft has not been paid or accepted in due course, shall seasonably notify its customer of the fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 4 - Uniform Commercial Code-Bank Deposits and Collections
Part 5 - . Collection of Documentary Drafts
§ 75-4-502. Presentment of "on arrival" drafts
§ 75-4-504. Privilege of presenting bank to deal with goods; security interest for expenses