California Laws: Commercial Code Sections 4501-4504

California Laws > Commercial Code

• California Laws: Commercial Code Section 4501
  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...
• California Laws: Commercial Code Section 4502
  If a draft or the relevant instructions require presentment "on arrival," "when goods arrive" or the like, the collecting bank need not present until in...
• California Laws: Commercial Code Section 4503
  Unless otherwise instructed and except as provided in Division 5 (commencing with Section 5101), a bank presenting a documentary draft: (a) Shall deliver the documents...
• California Laws: Commercial Code Section 4504
  (a) A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time...