New Jersey Statutes
§ 12A:4-501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
New Jersey § 12A:4-501
JurisdictionNew Jersey
Title 12ACOMMERCIAL TRANSACTIONS
This text of New Jersey § 12A: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 New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 12A:4-501 (2026).
Text
A bank that takes a documentary draft for collection shall 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, shall seasonably notify its customer of the fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right. L.1995,c.28,s.2.
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Nearby Sections
15
§ 12A:4-101
Short title§ 12A:4-102
Applicability§ 12A:4-104
Definitions and index of definitions.§ 12A:4-105
"Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"§ 12A:4-107
Separate office of bank§ 12A:4-108
Time of receipt of items§ 12A:4-109
Delays§ 12A:4-110
Electronic presentment§ 12A:4-111
Statute of limitations§ 12A:4-203
Effect of instructionsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 12A:4-501, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/12A/12A%3A4-501.