Maine § 4-204. - Methods of sending and presenting; sending directly to payor bank
Full text of Maine Maine Revised Statutes § 4-204. — Methods of sending and presenting; sending directly to payor bank, with citation guidance and answers to common questions.
§ 4-204.. Methods of sending and presenting; sending directly to payor bank
(1). A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved and the method generally used by it or others to present those items.
(2). A collecting bank may send:
(a). An item directly to the payor bank; [PL 1993, c. 293, Pt. B, §21 (AMD).]
(b). An item to a nonbank payor if authorized by its transferor; and [PL 1993, c. 293, Pt. B, §21 (AMD).]
(c). An item other than documentary drafts to a nonbank payor, if authorized by Federal Reserve regulation or operating circular, clearinghouse rule or the like. [PL 1993, c. 293, Pt. B, §21 (AMD).]
(3). Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 4-204.
What does Maine Revised Statutes § 4-204. cover?
Section 4-204. ("Methods of sending and presenting; sending directly to payor bank") is part of the Maine Revised Statutes, the codified statutory law of Maine. 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 Maine § 4-204.?
A common citation format is "Maine Revised Statutes § 4-204." (Maine). 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 Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 4-204. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine 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 Maine.