§ 3503. Notice of dishonor
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 3503
§ 3503. Notice of dishonor
(b) Manner of notice.--Notice of dishonor may be given by any person; may be given by any commercially reasonable means, including an oral, written or electronic communication; and is sufficient if it reasonably identifies the instrument and indicates that the instrument has been dishonored or has not been paid or accepted. Return of an instrument given to a bank for collection is sufficient notice of dishonor.
With respect to any other instrument, notice of dishonor must be given within 30 days following the day on which dishonor occurs.
Credits
1992, July 9, P.L. 507, No. 97, § 5, effective in one year.
13 Pa.C.S.A. § 3503, PA ST 13 Pa.C.S.A. § 3503
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |