Mass. Gen. Laws ch. 106 § 4-501
Current through Chapter 231 of the 2024
A bank that takes a documentary 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.
Mass. Gen. Laws ch. 106, § 4-501