Oregon Statutes
§ 74.5010 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
Oregon § 74.5010
This text of Oregon § 74.5010 (Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 74.5010 (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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1961 c.726 §74.5010; 1993 c.545 §110
Nearby Sections
15
§ 74.1
§ 74.1§ 74.1010
Short title§ 74.1020
Applicability§ 74.1040
Definitions and index of definitions§ 74.1050
“Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank.”§ 74.1080
Time of receipt of items§ 74.1110
Statute of limitations§ 74.1120
Electronic presentmentCite This Page — Counsel Stack
Bluebook (online)
Oregon § 74.5010, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/74.5010.