The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 4-212)
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§ 4—212. Presentment by notice of item not payable by, through, or at a bank; liability of
drawer or indorser
(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 3—501 of this title by the close of the bank’s next banking day after it knows of the requirement.
(b) If presentment is made by notice and payment, acceptance, or request for compliance
with a requirement under section 3—501 of this title is not received by the close of business on the day after maturity or, in the case
of demand items, by the close of business on the third banking day after notice was
sent, the presenting bank may treat the item as dishonored and charge any drawer or
indorser by sending it notice of the facts. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)