§ 41-04-09 — (4-109) Delays

North Dakota § 41-04-09

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-04: Bank Deposits and Collections

Text

1. Unless otherwise instructed, a collecting bank in a good-faith effort to secure payment
of a specific item drawn on a payor other than a bank, and with or without the approval
of any person involved, may waive, modify, or extend time limits imposed or permitted
by this chapter for a period not exceeding two additional banking days without
discharge of drawers or endorsers or liability to its transferor or a prior party.
2. Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by
this chapter or by instructions is excused if the delay is caused by interruption of
communication or computer facilities, suspension of payments by another bank, war,
emergency conditions, failure of equipment, or other circumstances beyond the control
of the bank, and if the bank exercises such diligence as the circumstances require.