Ohio § 1304.39
Full text of Ohio Ohio Revised Code § 1304.39, with citation guidance and answers to common questions.
§ 1304.39.
Unless otherwise instructed and except as provided in sections 1305.01 to 1305.16 of the Revised Code , both of the following apply to a bank presenting a documentary draft: (A) The bank must deliver the documents to the drawee on acceptance of the draft if it
is payable more than three days after presentment or only on payment if it is not
payable more than three days after presentment. (B) Upon dishonor, either in the case of presentment for acceptance or presentment for
payment, the bank may seek and follow instructions from any referee in case of need
designated in the draft or, if the presenting bank does not choose to utilize the
referee's services, it shall use diligence and good faith to ascertain the reason
for dishonor, shall notify its transferor of the dishonor and of the results of its
effort to ascertain the reasons for the dishonor, and shall request instructions. However, the presenting bank is under no obligation with respect to goods represented
by the documents except to follow any reasonable instructions seasonably received. It has a right to reimbursement for any expense incurred in following instructions
and to prepayment of or indemnity for those expenses.
Frequently Asked Questions About Ohio § 1304.39
What does Ohio Revised Code § 1304.39 cover?
Section 1304.39 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1304.39?
A common citation format is "Ohio Revised Code § 1304.39" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1304.39 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.