Collection of Documentary Drafts | Midpage

Collections
Rhode Island General Laws

5

Collection of Documentary Drafts

6A-4-501Handling of documentary drafts — Duty to send for presentment and to notify customer of dishonor 6A-4-502Presentment of “on arrival” drafts 6A-4-503Responsibility of presenting bank for documents and goods — Report of reasons for dishonor — Referee in case of need 6A-4-504Privilege of presenting bank to deal with goods — Security interest for expenses 6A-4-505Official Comments