§12A-3-504.

§12A-3-504.
   
                 EXCUSED PRESENTMENT AND NOTICE OF DISHONOR
                                      
   (a) Presentment for payment or acceptance of an instrument is excused
   if (i) the person entitled to present the instrument cannot with
   reasonable diligence make presentment, (ii) the maker or acceptor has
   repudiated an obligation to pay the instrument or is dead or in
   insolvency proceedings, (iii) by the terms of the instrument
   presentment is not necessary to enforce the obligation of indorsers or
   the drawer, (iv) the drawer or indorser whose obligation is being
   enforced has waived presentment or otherwise has no reason to expect
   or right to require that the instrument be paid or accepted, or (v)
   the drawer instructed the drawee not to pay or accept the draft or the
   drawee was not obligated to the drawer to pay the draft.
   
   (b) Notice of dishonor is excused if (i) by the terms of the
   instrument notice of dishonor is not necessary to enforce the
   obligation of a party to pay the instrument, or (ii) the party whose
   obligation is being enforced waived notice of dishonor. A waiver of
   presentment is also a waiver of notice of dishonor.
   
   (c) Delay in giving notice of dishonor is excused if the delay was
   caused by circumstances beyond the control of the person giving the
   notice and the person giving the notice exercised reasonable diligence
   after the cause of the delay ceased to operate.