NRS
104.3503 Notice of dishonor.
1. The obligation of an endorser stated in
subsection 1 of NRS 104.3415 and the
obligation of a drawer stated in subsection 4 of NRS 104.3414 may not be enforced unless:
(a) The endorser or drawer is given notice of
dishonor of the instrument complying with this section; or
(b) Notice of dishonor is excused under
subsection 2 of NRS 104.3504.
2. Notice of dishonor:
(a) May be given by any person;
(b) May be given by any commercially reasonable
means, including an oral, written or electronic communication; and
(c) Is sufficient if it reasonably identifies the
instrument and indicates that the instrument has been dishonored or has not
been paid or accepted.
Ê Return of an
instrument given to a bank for collection is sufficient notice of dishonor.
3. Subject to subsection 3 of NRS 104.3504, with respect to an
instrument taken for collection by a collecting bank, notice of dishonor must
be given by the bank before midnight of the next banking day following the
banking day on which it receives notice of dishonor of the instrument, or by
any other person within 30 days following the day on which the person receives
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.
(Added to NRS by 1965,
835; A 1993,
1292)
Notes of Decisions
Nevada State Bank v. Fischer, 565 P.2d 332 (Nev. 1977).
· cites it 3× “3-503 of Uniform Commercial Code (our NRS 104.3503): “The endorser who has normally merely received the check and passed it on and does not expect to have to pay it, is entitled to know more promptly whether it is to be dishonored, in order that he may have recourse against the…”
Grist v. Osgood, 521 P.2d 368 (Nev. 1974).
“In the case of an uncertified check which is drawn and payable within the United States and which is not a draft drawn by a bank the following are presumed to be reasonable periods within which to present for payment or to initiate bank collection: “(a) With respect to the…”
— Nev. Rev. Stat. § 104.3503(2) — 2 cases
Nevada State Bank v. Fischer, 565 P.2d 332 (Nev. 1977).
“3-503 of Uniform Commercial Code (our NRS 104.3503): “The endorser who has normally merely received the check and passed it on and does not expect to have to pay it, is entitled to know more promptly whether it is to be dishonored, in order that he may have recourse against the…”
Grist v. Osgood, 521 P.2d 368 (Nev. 1974).
“In the case of an uncertified check which is drawn and payable within the United States and which is not a draft drawn by a bank the following are presumed to be reasonable periods within which to present for payment or to initiate bank collection: “(a) With respect to the…”
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