Collection of Documentary Drafts | Midpage

Collections
Code of Alabama

Part 5

Collection of Documentary Drafts

7-4-501Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor.7-4-502Presentment of “On Arrival” Drafts.7-4-503Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need.7-4-504Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses.