{"data":{"id":"us-mt/30-3-504","jurisdiction":"us-mt","citation":"30-3-504","heading":"Presentment.","body":"(1) \"Presentment\" means a demand:\n(a) to pay an instrument made to the maker, drawee, or acceptor or, in the case of a note of accepted draft payable at a bank, to the bank; or\n(b) to accept a draft made to the drawee by a person entitled to enforce the instrument.\n(2) Subject to chapter 4, agreement of the parties, clearing house rules and the like:\n(a) presentment may be made at the place of payment of the instrument and must be made at the place of payment if the instrument is payable at a bank in the United States; may be made by any commercially reasonable means, including an oral, written, or electronic communication; is effective when the demand for payment or acceptance is received by the person to whom presentment is made; is effective if made to any one of two or more makers, acceptors, drawees, or other payors; and\n(b) without dishonoring the instrument, the party to whom presentment is made may:\n(i) treat presentment as occurring on the next business day after the day of presentment if the party to whom presentment is made has established a cutoff hour not earlier than 2 p.m. for the receipt and processing of instruments presented for payment or acceptance and presentment is made after the cutoff hour;\n(ii) require exhibition of the instrument;\n(iii) require reasonable identification of the person making presentment and evidence of authority to make it if made on behalf of another person;\n(iv) require a signed receipt on the instrument for any payment made or surrender of the instrument if full payment is made;\n(v) return the instrument for lack of a necessary indorsement; or\n(vi) refuse payment or acceptance for failure of the presentment to comply with the terms of the instrument, an agreement of the parties, or other law or applicable rule.","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 3. UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS","Part 5. Presentment, Notice of Dishonor, and Protest"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0030/part_0050/section_0040/0300-0030-0050-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:50:55Z","sha256":"8885caed78f9376be5833cd47601dce85ef14d7eeb386cefafa961c2ef62ea99","source_id":"us-mt","stale":false,"prev":"us-mt/30-3-503","next":"us-mt/30-3-505"},"notice":"GroundRules: Original legal text. Not legal advice."}