§ 10:4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 10:4-502 Presentment of “on arrival” drafts
§ 10:4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 10:4-504 Privilege of presenting bank to deal with goods; security interest for expenses
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Terms Used In Louisiana Revised Statutes > Title 10 > Chapter 4 > Part 5 - Collection of Documentary Drafts

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Draft: means a draft as defined in La. See Louisiana Revised Statutes 10:4-104
  • Drawee: means a person ordered in a draft to make payment. See Louisiana Revised Statutes 10:4-104
  • Lien: A claim against real or personal property in satisfaction of a debt.