There Is a Newer Version
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2022 Code of Alabama
Title 7 - Commercial Code.
Article 4 - Bank Deposits and Collections.
Part 5 - Collection of Documentary Drafts.
- Section 7-4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor.
- Section 7-4-502 - Presentment of "On Arrival" Drafts.
- Section 7-4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need.
- Section 7-4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses.
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