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    • Legislation USA
    • New York Laws
    • UCC - Uniform Commercial Code
    • Article 4 - Bank Deposits and Collections
    • Part 5 - Collection of Documentary Drafts

    New York Laws
    Article 4 - Bank Deposits and Collections
    Part 5 - Collection of Documentary Drafts

    4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor. - Presentment and to Notify Customer of Dishonor. A bank which...

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

    4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need. - (a) must deliver the documents to the drawee on acceptance...

    4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses. - (1) A presenting bank which, following the dishonor of a...

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