Ohio Statutes
§ 1304.37 — Handling of documentary drafts - duty to send for presentment and to notify customer of dishonor - UCC 4-501
Ohio § 1304.37
This text of Ohio § 1304.37 (Handling of documentary drafts - duty to send for presentment and to notify customer of dishonor - UCC 4-501) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ohio Rev. Code Ann. § 1304.37 (2026).
Text
A bank that takes a documenatary 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.
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Legislative History
Effective: August 19, 1994 | Latest Legislation: Senate Bill 147 - 120th General Assembly
Nearby Sections
15
§ 1304.01
Definitions - UCC 4-104, 4-105§ 1304.02
Applicability - UCC 4-102§ 1304.03
Variation by agreement - measure of damages - action constituting ordinary care - UCC 4-103§ 1304.04
Separate office of bank - UCC 4-107§ 1304.06
Time of receipt of items - UCC 4-108§ 1304.07
Delays - UCC 4-109§ 1304.08
Electronic presentment - UCC 4-110§ 1304.09
Statute of limitations - UCC 4-111§ 1304.13
Effect of instructions - UCC 4-203§ 1304.16
Transfer between banks - UCC 4-206Cite This Page — Counsel Stack
Bluebook (online)
Ohio § 1304.37, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/1304.37.