404.212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or endorser.
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/wi/chapter-404/404-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
404.212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or endorser.
(1)Unless otherwise instructed, a collecting bank may present an item not payable by, through or at a bank by sending to the party to accept or pay a written notice that the bank holds the item for acceptance or payment. The notice must be sent in time to be received on or before the day when presentment is due and the bank must meet any requirement of the party to accept or pay under s. 403.501 by the close of the bank’s next banking day after it knows of the requirement.