{"data":{"id":"us-nc/n.c.-gen.-stat.-25-4-204","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-4-204","heading":"Methods of sending and presenting; sending directly to payor.","body":"(a)\tA collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.\n(b)\tA collecting bank may send:\n(1)\tAn item directly to the payor bank;\n(2)\tAn item to a nonbank payor if authorized by its transferor; and\n(3)\tAn item other than documentary drafts to a nonbank payor, if authorized by federal reserve regulation or operating circular, clearing-house rule, or the like.\n(c)\tPresentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made. (1921, c. 4, s. 39; C.S., s. 220(n); 1949, c. 818; 1965, c. 700, s. 1; 1995, c. 232, s. 2.)","path":["Chapter 25. Uniform Commercial Code.","Article 4. Bank Deposits and Collections.","Part 2. Collection of Items: Depositary and Collecting Banks."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-4-204.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"5188d58b5dcf265420888853e480dc94182f59fbfcb02c65acbfe1a41067214d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-4-203","next":"us-nc/n.c.-gen.-stat.-25-4-205"},"notice":"GroundRules: Original legal text. Not legal advice."}