Ohio Code § 1304.39
Ohio Code § 1304.39. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1304.39.
Unless otherwise instructed and except as provided in sections 1305.01 to 1305.16 of the Revised Code , both of the following apply to a bank presenting a documentary draft: (A) The bank must deliver the documents to the drawee on acceptance of the draft if it
is payable more than three days after presentment or only on payment if it is not
payable more than three days after presentment. (B) Upon dishonor, either in the case of presentment for acceptance or presentment for
payment, the bank may seek and follow instructions from any referee in case of need
designated in the draft or, if the presenting bank does not choose to utilize the
referee's services, it shall use diligence and good faith to ascertain the reason
for dishonor, shall notify its transferor of the dishonor and of the results of its
effort to ascertain the reasons for the dishonor, and shall request instructions. However, the presenting bank is under no obligation with respect to goods represented
by the documents except to follow any reasonable instructions seasonably received. It has a right to reimbursement for any expense incurred in following instructions
and to prepayment of or indemnity for those expenses.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1304.39
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1304.39?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1304.39 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1304.39 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.