South Carolina Statutes
§ 36-4-501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
South Carolina § 36-4-501
This text of South Carolina § 36-4-501 (Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 36-4-501 (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.
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Legislative History
HISTORY: 1962 Code SECTION 10.4-501; 1966 (54) 2716; 2008 Act No. 204, SECTION 3, eff July 1, 2008.
Nearby Sections
15
§ 36-4-101
Short title.§ 36-4-104
Definitions and index of definitions.§ 36-4-105
Definitions of types of banks.§ 36-4-107
Separate office of bank.§ 36-4-108
Time of receipt of items.§ 36-4-109
Delays.§ 36-4-110
Electronic presentment.§ 36-4-111
Statute of limitations.§ 36-4-203
Effect of instructions.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 36-4-501, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/4/36-4-501.