Montana § 30-4-204 Methods Of Sending And Presenting -- Sending Directly To Payor Bank

Montana Statutes

§ 30-4-204 — Methods Of Sending And Presenting -- Sending Directly To Payor Bank

Montana § 30-4-204

Title 30TRADE AND COMMERCE

Ch. 4UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS

Part 2Collection of Items Depositary and Collecting Banks

This text of Montana § 30-4-204 (Methods Of Sending And Presenting -- Sending Directly To Payor Bank) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-4-204 (2026).

Text

30-4-204 . Methods of sending and presenting -- sending directly to payor bank.

(1)A collecting bank shall send items by a reasonably prompt method, taking into consideration any relevant instructions, the nature of the item, the number of those items on hand, and the cost of collection involved and the method generally used by it or others to present those items.

(2)A collecting bank may send:

(a)an item directly to the payor bank;

(b)an item to any nonbank payor if authorized by its transferor; and

(c)an item other than documentary drafts to a nonbank payor, if authorized by federal reserve regulation or operating circular, clearinghouse rule or the like.

(3)Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be

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30-4-204 . Methods of sending and presenting -- sending directly to payor bank. (1) A collecting bank shall send items by a reasonably prompt method, taking into consideration any relevant instructions, the nature of the item, the number of those items on hand, and the cost of collection involved and the method generally used by it or others to present those items.
(2) A collecting bank may send:
(a) an item directly to the payor bank;
(b) an item to any nonbank payor if authorized by its transferor; and
(c) an item other than documentary drafts to a nonbank payor, if authorized by federal reserve regulation or operating circular, clearinghouse rule or the like.
(3) Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.