Vermont § 501 - § 3—501.

§ 501. § 3—501.

• Presentment (a) “Presentment” means a demand made by or on behalf of a person entitled to enforce
  an instrument (i) 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 (ii) to accept a draft made to the drawee. (b) The following rules are subject to Article 4 of this title, agreement of the parties,
  and clearing-house rules and the like: (1) Presentment 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;
  may be made by any commercially reasonable means, including an oral, written, or electronic
  communication; is effective when the demand for payment or acceptance is received
  by the person to whom presentment is made; and is effective if made to any one of
  two or more makers, acceptors, drawees, or other payors. (2) Upon demand of the person to whom presentment is made, the person making presentment
  must (i) exhibit the instrument, (ii) give reasonable identification and, if presentment
  is made on behalf of another person, reasonable evidence of authority to do so, and
  (iii) sign a receipt on the instrument for any payment made or surrender the instrument
  if full payment is made. (3) Without dishonoring the instrument, the party to whom presentment is made may (i)
  return the instrument for lack of a necessary indorsement, or (ii) 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. (4) 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 to whom presentment is made
  has established a cut-off hour not earlier than 2 p.m. for the receipt and processing
  of instruments presented for payment or acceptance and presentment is made after the
  cut-off hour. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)