California Commercial Code
§ 4202
COM § 4202 Effective Jan 1, 1993Div. 4 · Ch. 2
Statute text
View on leginfo.ca.gov(a)A collecting bank shall exercise ordinary care in all of the following:
(1)Presenting an item or sending it for presentment.
(2)Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank’s transferor after learning that the item has not been paid or accepted, as the case may be.
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Legislative history
Amended by Stats. 1992, Ch. 914, Sec. 19. Effective January 1, 1993.