Collection of Documentary Drafts | Midpage

Collections
New York Consolidated Laws

Uniform Commercial Code

5

Collection of Documentary Drafts

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