North Dakota Statutes
§ 41-04-39 — (4-501) Handling of documentary drafts - Duty to send for presentment and to notify customer of dishonor
to notify customer of dishonor.
A bank that 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 that fact even though it may
have discounted or bought the draft or extended credit available for withdrawal as of right.
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North Dakota § 41-04-39 ((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.
Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) Presumptions