Nevada § 104.3501 - Presentment

§ 104.3501. Presentment

1. “Presentment” means a demand made by or on behalf of a person entitled to enforce

an instrument: (a) To pay the instrument made to the drawee or a party obliged to pay the instrument

or, in the case of a note or accepted draft payable at a bank, to the bank; or (b) To accept a draft made to the drawee. 2. The following rules are subject to article 4, agreement of the parties, and clearinghouse

rules and the like: (a) Presentment: (1) May be made at the place of payment of the instrument and must be made at the

place of payment if the instrument is payable at a bank in the United States; (2) May be made by any commercially reasonable means, including an oral, written or

electronic communication; (3) Is effective when the demand for payment or acceptance is received by the person

to whom presentment is made; and (4) Is effective if made to any one of two or more makers, acceptors, drawees or other

payors. (b) Upon demand of the person to whom presentment is made, the person making presentment

must: (1) Exhibit the instrument; (2) Give reasonable identification and, if presentment is made on behalf of another

person, reasonable evidence of authority to do so; and (3) Sign a receipt on the instrument for any payment made or surrender the instrument

if full payment is made. (c) Without dishonoring the instrument, the party to whom presentment is made may: (1) Return the instrument for lack of a necessary endorsement; or (2) Refuse payment or acceptance for failure of the presentment to comply with the

terms of the instrument, an agreement of the parties or other applicable law or rule. (d) The party to whom presentment is made may treat presentment as occurring on the

next business day after the day of presentment if the party has established a cutoff

hour not earlier than 2 p.m. for the receipt and action upon instruments presented

for payment or acceptance and presentment is made after the cutoff hour.