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. § 4-501)
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§ 4—501. Handling of documentary drafts; duty to send for presentment and to notify customer
of dishonor
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. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)