Part

Collection of Documentary Drafts

Ala. Code § 7-4-501— Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor.
Ala. Code § 7-4-502— Presentment of “On Arrival” Drafts.
Ala. Code § 7-4-503— Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need.
Ala. Code § 7-4-504— Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses.