COLLECTION OF DOCUMENTARY DRAFTS

  1. Law
  2. New Mexico Statutes
  3. Uniform Commercial Code
  4. Bank Deposits and Collections
  5. COLLECTION OF DOCUMENTARY DRAFTS

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Section
55-4-501

Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.

Section
55-4-502

Presentment of "on arrival" drafts.

Section
55-4-503

Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.

Section
55-4-504

Privilege of presenting bank to deal with goods; security interest for expenses.