District Of Columbia § 28:4-501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
Full text of District Of Columbia D.C. Code § 28:4-501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor., with citation guidance and answers to common questions.
§ 28:4-501. Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
28:4-501A 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.
Annotations
Modified to conform with current drafting practices; no intent to change substance.
Reason for 1990 Change []
This section states the duty of a bank handling a documentary draft for a customer. “Documentary draft” is defined in Section 4-104. The duty stated exists even if the bank has bought the draft. This is because to the customer the draft normally represents an underlying commercial transaction, and if that is not going through as planned the customer should know it promptly.
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 28:4-501
What does D.C. Code § 28:4-501 cover?
Section 28:4-501 ("Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 28:4-501?
A common citation format is "D.C. Code § 28:4-501" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 28:4-501 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.