Montana § 30-4-501 Handling Of Documentary Drafts -- Duty To Send For Presentment And To Notify Customer Of Dishonor

Montana Statutes

§ 30-4-501 — Handling Of Documentary Drafts -- Duty To Send For Presentment And To Notify Customer Of Dishonor

Montana § 30-4-501

Title 30TRADE AND COMMERCE

Ch. 4UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS

Part 5Collection of Documentary Drafts

This text of Montana § 30-4-501 (Handling Of Documentary Drafts -- Duty To Send For Presentment And To Notify Customer Of Dishonor) is published on Counsel Stack Legal Research, covering 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. § 30-4-501 (2026).

Text

30-4-501 . Handling of documentary drafts -- duty to send for presentment and to notify customer of dishonor. A bank which takes a documentary draft for collection must 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 must seasonably notify its customer of such fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.

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30-4-501 . Handling of documentary drafts -- duty to send for presentment and to notify customer of dishonor. A bank which takes a documentary draft for collection must 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 must seasonably notify its customer of such fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.