Legislation

PART 5

Collection of Documentary Drafts

Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 4

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

PART 5

COLLECTION OF DOCUMENTARY DRAFTS