13 Pennsylvania Consolidated Statutes Chapter 45 - Collection Of Documentary Drafts

• Chapter Notes
• Section 4501 - 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...
• Section 4502 - Presentment Of "On Arrival" Drafts
  If a draft or the relevant instructions require presentment "on arrival", "when goods arrive" or the like, the collecting bank need not present until...
• Section 4503 - Responsibility Of Presenting Bank For Documents And Goods; Report Of Reasons For Dishonor; Referee In Case Of Need
  § 4503. Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need. Unless otherwise instructed and...
• Section 4504 - Privilege Of Presenting Bank To Deal With Goods; Security Interest For Expenses
  § 4504. Privilege of presenting bank to deal with goods; security interest for expenses. (a) Dealing with goods following dishonor of documentary draft.--A presenting...

Last modified: October 8, 2016