Collection of Documentary Drafts

  1. Law
  2. Utah Code
  3. Uniform Commercial Code
  4. Uniform Commercial Code - Bank Deposits and Collections
  5. Collection of Documentary Drafts

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Section
501

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

Section
502

Presentment of "on arrival" drafts.

Section
503

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

Section
504

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