30-3-501. Repealed

30-3-501. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-501, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-501.

30-3-502. Repealed

30-3-502. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-502, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-502.

30-3-503. Repealed

30-3-503. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-503, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-503.

30-3-504. Presentment

30-3-504. Presentment. (1) “Presentment” means a demand: (a) to pay an instrument made to the maker, drawee, or acceptor or, in the case of a note of accepted draft payable at a bank, to the bank; or (b) to accept a draft made to the drawee by a person entitled to enforce the instrument. (2) Subject to chapter 4, […]

30-3-505. Repealed

30-3-505. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-505, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-505.

30-3-506. Repealed

30-3-506. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-506, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-506.

30-3-507. Repealed

30-3-507. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-507, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-507.

30-3-508. Notice of dishonor

30-3-508. Notice of dishonor. (1) The obligation of an indorser stated in 30-3-414(1) and the obligation of a drawer stated in 30-3-423(3) may not be enforced unless: (a) the indorser or drawer is given notice of dishonor of the instrument complying with this section; or (b) notice of dishonor is excused under 30-3-513(3). (2) Notice of dishonor may be […]

30-3-509. Repealed

30-3-509. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-509, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-509.

30-3-510. Evidence of dishonor

30-3-510. Evidence of dishonor. (1) The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: (a) a document regular in form as provided in subsection (2) that purports to be a protest; (b) the purported stamp or writing of the drawee, payor bank, or presenting bank on or accompanying […]

30-3-511. Repealed

30-3-511. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-511, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-511.

30-3-512. Dishonor

30-3-512. Dishonor. (1) Dishonor of a note is governed by the following rules: (a) If the note is payable on demand, the note is dishonored if presentment is duly made and the note is not paid on the day of presentment. (b) If the note is not payable on demand and is payable at or through a bank […]

30-3-513. Excused presentment and notice of dishonor

30-3-513. Excused presentment and notice of dishonor. (1) Presentment for payment or acceptance of an instrument is excused if: (a) the person entitled to present the instrument cannot with reasonable diligence make presentment; (b) the maker or acceptor has repudiated an obligation to pay the instrument or is dead or in insolvency proceedings; (c) by the terms of the […]