Utah Code Ann. tit. 70A, ch. 4, pt. 5 – Collection of Documentary Drafts | Midpage

Collections
Utah Code

Part 5

Utah Code Ann. tit. 70A, ch. 4, pt. 5

Collection of Documentary Drafts

70A-4-501Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor.70A-4-502Presentment of "on arrival" drafts.70A-4-503Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need.70A-4-504Privilege of presenting bank to deal with goods -- Security interest for expenses.