NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 242

SENATE BILL 117

 

 

AN ACT TO CLARIFY THE NEGOTIABLE INSTRUMENTS LAW RELATING TO PLACE OF PRESENTMENT.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 25-79 as the same appears in the General Statutes of North Carolina is hereby amended by adding at the end thereof a new subsection to be designated G.S. 25-79(5) reading as follows:

"Where a bank presents for payment an instrument drawn upon or payable at another bank, either

(i)         Through a clearing house or

(ii)        At a place where such other bank has requested the presenting bank to make presentment of such instrument for payment."

Sec. 2.  All laws and clauses of laws in conflict herewith are hereby repealed.

Sec. 3.  This Act shall be in full force and effect upon its ratification.

In the General Assembly read three times and ratified, this the 19th day of April, 1963.