Ala. Code § 7-4-212 (1975) Presentment By Notice of Item Not Payable By, Through, Or At Bank; Liability of Drawer Or Indorser

• Library: Alabama Statutes
• Edition: 2023
• Currency: Current with legislation from the 2023 Regular and Special Sessions.
• Year: 2023
• Citation: Ala. Code § 7-4-212 (1975)

(a) Unless otherwise instructed, a collecting bank may present an item not payable by, through, or at a bank by sending to the party to ...

(b) If presentment is made by notice and payment, acceptance, or request for compliance with a requirement under Section 7-3-501 is not received by the close of business on the day after maturity or, in the case of demand items, by the close of business on the third banking day after notice was sent, the presenting bank may treat the ...