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·Title 30 TRADE AND COMMERCE·Ch. 4 UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS·Part 5 Collection of Documentary Drafts

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.

Montana § 30-4-501 (Handling Of Documentary Drafts -- Duty To Send For Presentment And To Notify Customer Of Dishonor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.