Commercial Law – General Regulatory Provisions

Checks and Other Instruments – Dishonor

SECTION 6-42-4

§ 6-42-4. Defenses to action.

It shall be a defense to any action commenced by the holder of a dishonored check or other instrument under § 6-42-3 that:

(1) The dishonor of the check or other instrument was due to a justifiable stop payment order or to the attachment of the account; or

(2) Within thirty (30) days from the mailing of the notice of dishonor, the maker or drawer has paid to the holder the full amount of the check or other instrument.

History of Section.
(P.L. 1988, ch. 93, § 1.)