Collection of Documentary Drafts

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Uniform Commercial Code
  5. Bank Deposits and Collections
  6. Collection of Documentary Drafts

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Section
4-4-501

Handling of documentary drafts — Duty to send for presentment and to notify customer of dishonor

Section
4-4-502

Presentment of “on arrival” drafts

Section
4-4-503

Responsibility of presenting bank for documents and goods — Report of reasons for dishonor — Referee in case of need

Section
4-4-504

Privilege of presenting bank to deal with goods — Security interest for expenses