Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 4. BANK DEPOSITS AND COLLECTIONS |
Part 5. COLLECTION OF DOCUMENTARY DRAFTS |
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 |