Minnesota Statutes
§ 336.4-501 — 336.4-501 HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR PRESENTMENT AND TO NOTIFY CUSTOMER OF DISHONOR.
Minnesota § 336.4-501
This text of Minnesota § 336.4-501 (336.4-501 HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR PRESENTMENT AND TO NOTIFY CUSTOMER OF DISHONOR.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 336.4-501 (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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Legislative History
1965 c 811 s 336.4-501;1992 c 565 s 109
Nearby Sections
15
§ 336.4-101
336.4-101 SHORT TITLE.§ 336.4-102
336.4-102 APPLICABILITY.§ 336.4-107
336.4-107 SEPARATE OFFICE OF BANK.§ 336.4-108
336.4-108 TIME OF RECEIPT OF ITEMS.§ 336.4-109
336.4-109 DELAYS.§ 336.4-110
336.4-110 ELECTRONIC PRESENTMENT.§ 336.4-111
336.4-111 STATUTE OF LIMITATIONS.§ 336.4-203
336.4-203 EFFECT OF INSTRUCTIONS.Cite This Page — Counsel Stack
Bluebook (online)
Minnesota § 336.4-501, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/336/336.4-501.