Wisconsin Code § 404.501

Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
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A bank that takes a documentary draft for collection
shall present or send the draft and accompanying documents for
presentment and, upon learning that the draft has not been paid or
accepted in due course, shall seasonably notify its customer of
the fact even though it may have discounted or bought the draft or
extended credit available for withdrawal as of right.

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