Arizona Statutes
§ 47-4501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
Arizona § 47-4501
JurisdictionArizona
Title 47Arizona Revised Statutes
Ch. 4BANK DEPOSITS AND COLLECTIONS
Art. 5Collection of Documentary Drafts
This text of Arizona § 47-4501 (Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ariz. Rev. Stat. Ann. § 47-4501 (2026).
Text
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.
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Nearby Sections
15
§ 47-10101
Provision for transition§ 47-1101
Short title§ 47-1102
Scope of chapter§ 47-1103
Construction to promote purposes and policies; applicability of supplemental principles of law§ 47-1104
Construction against implied repeal§ 47-1105
Severability§ 47-1106
Use of singular and plural; gender§ 47-1107
Section captions§ 47-1201
General definitions§ 47-1202
Notice; knowledge§ 47-1204
Value§ 47-1205
Reasonable time; "seasonably"§ 47-1206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arizona § 47-4501, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/47-4501.