§12A-3-501.

§12A-3-501.
   
                                PRESENTMENT
                                      
   (a) "Presentment" means a demand made by or on behalf of a person
   entitled to enforce an instrument (i) to pay the instrument made to
   the drawee or a party obliged to pay the instrument or, in the case of
   a note or accepted draft payable at a bank, to the bank, or (ii) to
   accept a draft made to the drawee.
   
   (b) The following rules are subject to Article 4 of this title,
   agreement of the parties, and clearing-house rules and the like:
   
   (1) 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; and is
   effective if made to any one of two or more makers, acceptors,
   drawees, or other payors;
   
   (2) Upon demand of the person to whom presentment is made, the person
   making presentment must (i) exhibit the instrument, (ii) give
   reasonable identification and, if presentment is made on behalf of
   another person, reasonable evidence of authority to do so, and (iii)
   sign a receipt on the instrument for any payment made or surrender the
   instrument if full payment is made;
   
   (3) Without dishonoring the instrument, the party to whom presentment
   is made may (i) return the instrument for lack of a necessary
   indorsement, or (ii) refuse payment or acceptance for failure of the
   presentment to comply with the terms of the instrument, an agreement
   of the parties, or other applicable law or rule; and
   
   (4) The party to whom presentment is made may 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 o'clock p.m. for the receipt and processing of
   instruments presented for payment or acceptance and presentment is
   made after the cutoff hour.