§ 6-42-1. Notice of dishonor. When a check, draft, or other instrument has been dishonored by nonacceptance or nonpayment by any bank or other financial institution and has not been paid within ten (10) days, the holder to whom the check, draft, or other instrument was issued may send a notice of dishonor to the […]
§ 6-42-2. Term of notes — Form of notice of dishonor. (a) A notice of dishonor sent by a holder to a maker or drawer pursuant to § 6-42-1 shall substantially comply with the following form: NOTICE OF DISHONORED CHECK DATE _________________________________________ NAME OF ISSUER _________________________________________ STREET ADDRESS _________________________________________ CITY AND STATE _________________________________________ You are […]
§ 6-42-3. Cause of action — Damages. (a) If a check, draft, or other instrument has not been paid within thirty (30) days after the holder has sent a notice of dishonor to the maker or drawer of a check, draft, or other instrument that has been dishonored, pursuant to §§ 6-42-1 and 6-42-2, the […]
§ 6-42-4. Defenses to action. It shall be a defense to any action commenced by the holder of a dishonored check or other instrument under § 6-42-3 that: (1) The dishonor of the check or other instrument was due to a justifiable stop payment order or to the attachment of the account; or (2) Within […]
