Presentment by notice of item not payable by, through or at bank; liability of drawer or indorser.

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(2) If presentment is made by notice, and payment, acceptance or request for compliance with a requirement under ORS 73.0501 is not received by the close of business on the day after maturity or, in the case of demand items, by the close of business on the third banking day after notice was sent, the presenting bank may treat the item as dishonored and charge any drawer or indorser by sending it notice of the facts. [1961 c.726 §74.2120; 1985 c.436 §1; 1993 c.545 §95; 1995 c.79 §26]

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