Nevada Statutes
§ 104.4501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Collection of Documentary Drafts
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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Nevada § 104.4501 (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.
Legislative History
(Added to NRS by 1965, 853 )
Nearby Sections
15
§ 104.1101
Short titles§ 104.1102
Scope of Article 1§ 104.1104
Construction against implied repeal§ 104.1105
Severability§ 104.1106
Use of singular and plural; gender§ 104.1201
General definitions§ 104.1202
Notice; knowledge§ 104.1204
Value§ 104.1205
Reasonable time; seasonableness§ 104.1206
Presumptions§ 104.1302
Variation by agreement