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2025 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1304 | Bank Deposits and Collections
Section 1304.37 | Handling of Documentary Drafts - Duty to Send for Presentment and to Notify Customer of Dishonor - Ucc 4-501.
Universal Citation:
OH Rev Code § 1304.37 (2025)
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Effective: August 19, 1994
Latest Legislation: Senate Bill 147 - 120th General Assembly
A bank that takes a documenatary draft for collection shall 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 shall seasonably notify its customer of the fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.
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