Va. Code Ann. tit. 8.4, ch. 5 – Collection of Documentary Drafts | Midpage

Collections
Code of Virginia

Chapter 5

Va. Code Ann. tit. 8.4, ch. 5

Collection of Documentary Drafts

8.4-501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor 8.4-502Presentment of "on arrival" drafts 8.4-503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need 8.4-504Privilege of presenting bank to deal with goods; security interest for expenses