2005 Connecticut Code - Sec. 42a-4-212. Presentment by notice of item not payable by, through or at bank. Liability of drawer or endorser.
Sec. 42a-4-212. Presentment by notice of item not payable by, through or at
bank. Liability of drawer or endorser. (a) Unless otherwise instructed, a collecting
bank may present an item not payable by, through, or at a bank by sending to the party
to accept or pay a written notice that the bank holds the item for acceptance or payment.
The notice must be sent in time to be received on or before the day when presentment
is due and the bank must meet any requirement of the party to accept or pay under section
42a-3-501 by the close of the bank's next banking day after it knows of the requirement.
(1959, P.A. 133, S. 4-212; P.A. 91-304, S. 90.)
History: P.A. 91-304 entirely replaced former provisions re right of charge-back or refund with provisions re presentment by notice of item not payable by, through or at a bank and liability of drawer or endorser, a restatement of Sec. 42a-4-210, revised to 1991.
See Sec. 42a-4-214 for successor provisions to Sec. 42a-4-212, revised to 1991, re right of charge-back or refund.
Cited. 32 CS 179.
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