A bank that takes a documentary draft for collection must present or send the draft and accompanying documents for presentment and upon learning that the draft has not been paid or accepted in due course must seasonably notify its customer of that fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.
N.D. Cent. Code § 41-04-39
(4-501) Handling of documentary drafts - Duty to send for presentment and to notify customer of dishonor
Known as the Uniform Commercial Code
The act spans §§ 41–41 (597 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.