Nev. Rev. Stat. § 104.4204
Methods of sending and presenting; sending directly to payor bank
Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective
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- Citation
- Nev. Rev. Stat. § 104.4204, Methods of sending and presenting; sending directly to payor bank, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079449
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Full text
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 such items on hand, the cost of collection involved, and the method generally used by it or others to present such items.
2. A collecting bank may send:
(a) An item directly to the payor bank;
(b) An item to a nonbank payor if authorized by its transferor; and
(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.
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.