§ 41-04-24 — (4-212) Presentment by notice of item not payable by, through, or at bank - Liability of drawer or endorser

Liability of drawer or endorser.
1. Unless otherwise instructed, a collecting bank may present an item not payable by,
through, or at a bank by sending to the party to accept or pay a written notice that the
bank holds the item for acceptance or payment. The notice must be sent in time to be
received on or before the day when presentment is due and the bank must meet any

requirement of the party to accept or pay under section 41-03-58 by the close of the
bank's next banking day after it knows of the requirement.
2. If presentment is made by notice and neither payment, acceptance, nor request for
compliance with a requirement under section 41-03-58 is received by the close of
business on the day after maturity or in the case of demand items by the close of
business on the third banking day after notice was sent, the presenting bank may treat
the item as dishonored and charge any drawer or endorser by sending it notice of the
facts.