Collection of Documentary Drafts

  1. Law
  2. US Virgin Islands Code
  3. Uniform Commercial Code
  4. Bank Deposits and Collections
  5. 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