Statutes, codes, and regulations
New Hampshire Revised Statutes
Title 34-A - UNIFORM COMMERCIAL CODEChapter 382-A - UNIFORM COMMERCIAL CODEArticle 4 - BANK DEPOSITS AND COLLECTIONS
Part 5 - COLLECTION OF DOCUMENTARY DRAFTS
Section 382-A:4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor

N.H. Rev. Stat. § 382-A:4-501

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Current through Chapter 381 of the 2024 Legislative Session
Section 382-A: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.

RSA 382-A:4-501

1993, 346:1, eff. Jan. 1, 1994.