1 [A. Excuse for delay inpresentment for acceptance or payment
Delay in presentment 2 [for acceptance orpayment] is excused if the delay is caused by circumstances beyond the controlof the holder, and not imputable to his default, misconduct ornegligence. When the cause of delay ceases to operate, presentment must be madewithin a reasonable time.]
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1. Inserted25 of , sec. .
2 .12 of , sec. , for "forpayment".