2010 Georgia Code 11-4-501 Case Law
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Graham W. Syfert, Esq.

1650 Margaret St, Ste. 302, PMB#264
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Fax: 904-638-4726

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One Click Case Law for § 11-4-501
O.C.G.A. § 11-4-407 <-- --> O.C.G.A. §11-4-502



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
PART 5 - COLLECTION OF DOCUMENTARY DRAFTS
§ 11-4-501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

O.C.G.A. 11-4-501 (2010)
11-4-501. 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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com