PRINTER'S NO.  553

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

HOUSE BILL

 

No.

501

Session of

2009

  

  

INTRODUCED BY MOUL, BEYER, BROWN, COHEN, GEIST, GEORGE, GOODMAN, MANDERINO, ROCK, ROHRER, SIPTROTH AND THOMAS, FEBRUARY 18, 2009

  

  

REFERRED TO COMMITTEE ON COMMERCE, FEBRUARY 18, 2009  

  

  

  

AN ACT

  

1

Amending Title 13 (Commercial Code) of the Pennsylvania

2

Consolidated Statutes, further providing for presentment of

3

negotiable instruments.

4

The General Assembly of the Commonwealth of Pennsylvania

5

hereby enacts as follows:

6

Section 1.  Section 3501(b) of Title 13 of the Pennsylvania

7

Consolidated Statutes is amended by adding a paragraph to read:

8

§ 3501.  Presentment.

9

* * *

10

(b)  Application of certain rules.--The following rules are

11

subject to Division 4 (relating to bank deposits and

12

collections), agreement of the parties and clearinghouse rules

13

and the like:

14

* * *

15

(5)  Notwithstanding any other provisions of law,

16

including this title, to the contrary, the drawee may not

17

impose a charge or fee as a condition of acceptance if the

18

fee reduces the effective face amount of the negotiable

 


1

instrument.

2

Section 2.  This act shall take effect in 60 days.

- 2 -