Section 55-4-212 - Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser(a) Unless otherwise instructed, a collecting bank may present an item not payable by, through or at a bank by sending to the party to accept or pay a record providing notice that the bank holds the item for acceptance or payment. The notice must be sent in time to be received on or before the day when presentment is due, and the bank must meet any requirement of the party to accept or pay under Section 55-3-501 NMSA 1978 by the close of the bank's next banking day after it knows of the requirement.(b) If presentment is made by notice and payment, acceptance or request for compliance with a requirement under Section 55-3-501 NMSA 1978 is not received by the close of business on the day after maturity, or, in the case of demand items, by the close of business on the third banking day after notice was sent, the presenting bank may treat the item as dishonored and charge any drawer or indorser by sending it notice of the facts.1953 Comp., § 50A-4-210, enacted by Laws 1961, ch. 96, § 4-210; 1978 Comp., § 55-4-210, recompiled as 1978 Comp., § 55-4-212 by Laws 1992, ch. 114, § 178; 2009, ch. 234, § 14.