Minnesota Statutes § 336.4-502 - 336.4-502 PRESENTMENT OF "ON ARRIVAL" DRAFTS. — United States — Minnesota law | Esheria

Minnesota Statutes § 336.4-502 - 336.4-502 PRESENTMENT OF "ON ARRIVAL" DRAFTS.

A collecting bank may wait a reasonable time for goods to arrive before presentment, must notify its transferor if payment or acceptance is refused for nonarrival, and need not present again until instructed or it learns the goods have arrived.

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Jurisdiction
United States — Minnesota
Instrument
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Version
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Language
en
Updated
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banking draft presentment payment refusal

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