West Virginia Statutes
§ 46-4-501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
West Virginia § 46-4-501
This text of West Virginia § 46-4-501 (Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
W. Va. Code § 46-4-501 (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
1993 Reg. Sess., HB2494
Nearby Sections
15
§ 46-1-101
Short titles§ 46-1-102
Scope of article§ 46-1-104
Construction against implied repeal§ 46-1-105
Severability§ 46-1-106
Use of singular and plural; gender§ 46-1-107
Section captions§ 46-1-109
Repealed. Acts, 2006 Reg. Sess., Ch. 247§ 46-1-201
General definitions§ 46-1-202
Notice; knowledge§ 46-1-204
Value§ 46-1-205
Reasonable time; seasonableness§ 46-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
West Virginia § 46-4-501, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/46/46-4-501.