Collection of Documentary Drafts

  1. Law
  2. New York Laws
  3. Uniform Commercial Code
  4. Collection of Documentary Drafts

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Section
4-501

Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor.

Section
4-502

Presentment of "On Arrival" Drafts.

Section
4-503

Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need.

Section
4-504

Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses.