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U.S. State Codes
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Utah
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Title 70A - Uniform Commerc...
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Chapter 4 - Uniform Commerc...
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Part 5 - Collection of Documentary Drafts
Part 5 - Collection of Documentary Drafts
Section 501 - Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor.
Section 502 - Presentment of "on arrival" drafts.
Section 503 - Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need.
Section 504 - Privilege of presenting bank to deal with goods -- Security interest for expenses.