{"data":{"id":"us-ky/krs-355.4-502","jurisdiction":"us-ky","citation":"KRS 355.4-502","heading":"Presentment of \"on arrival\" drafts.","body":"If a draft or the relevant instructions require presentment \"on arrival,\" \"when goods\narrive\" or the like, the collecting bank need not present until in its judgment a reasonable\ntime for arrival of the goods has expired. Refusal to pay or accept because the goods have\nnot arrived is not dishonor; the bank must notify its transferor of the refusal but need not\npresent the draft again until it is instructed to do so or learns of the arrival of the goods.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33552","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"55a8d1a438d75ca0220e51e5f503d8ab5d40c894443f307c22838b5bc3ee39b3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4-501","next":"us-ky/krs-355.4-503"},"notice":"GroundRules: Original legal text. Not legal advice."}