KRS 355.4-212: Presentment by notice of item not payable by, through, or at bank --

Liability of drawer or indorser.

(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 p ay a record providing

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 KRS 355.3-501

by the close of the bank's next banking day after it knows of the requirement.

(2) If presentment is made by notice and payment, acceptance, or request for

compliance with a requirement under KRS 355.3-501 is not received by the close of

business on the day after maturity or, in the case of demand items, by the close of

business on the third banking day after notice was sent, the presenting bank may

treat the item as dishonored and charge any drawer or indorser by sending it notice

of the facts.