Collection of Documentary Drafts | Midpage

Collections
Maryland Code

5

Collection of Documentary Drafts

State of Maryland

4-501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor 4-502Presentment of “on arrival” drafts 4-503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need 4-504Privilege of presenting bank to deal with goods; security interest for expenses