California Commercial Code

§ 4202

COM § 4202 Effective Jan 1, 1993Div. 4 · Ch. 2

Statute text

(a)A collecting bank shall exercise ordinary care in all of the following:

(1)Presenting an item or sending it for presentment.

(2)Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank’s transferor after learning that the item has not been paid or accepted, as the case may be.

…

Legislative history

Amended by Stats. 1992, Ch. 914, Sec. 19. Effective January 1, 1993.