30-3-504 . Presentment. (1) "Presentment" means a demand: (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 (b) to accept a draft made to the drawee by a person entitled to enforce the instrument. (2) Subject to chapter 4, agreement of the parties, clearing house rules and the like: (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 (b) without dishonoring the instrument, the party to whom presentment is made may: (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; (ii) require exhibition of the instrument; (iii) require reasonable identification of the person making presentment and evidence of authority to make it if made on behalf of another person; (iv) require a signed receipt on the instrument for any payment made or surrender of the instrument if full payment is made; (v) return the instrument for lack of a necessary indorsement; or (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.
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