La. Stat. tit. 10 § 4-501

Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 10:4-501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

A bank that takes a documentary draft for collection shall present or send the draft and accompanying documents for presentment and, upon learning that the draft has not been paid or accepted in due course, shall seasonably notify its customer of the fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.

La. R.S. § 10:4-501

Acts 1992, No. 1133, §4, eff. 7/1/1993; Acts 1993, No. 948, §10, eff. 1/1/1994.