ALTHOX

COLOMBIAN COMMERCIAL CODE Subsection II  Filing and payment Article 717 .- The check is always payable on demand. Any notes to the contrary shall not  on. The postdated check is payable to your presentation. Article 718 .- Cheques should be presented for payment: 1. Within fifteen days from its date, if they are payable in the same place of issue; 2. Within a month, if they are payable in the same country of issue, but rather different from this; 3. Within three months, if they are issued a Latin American country and payable in any other country in Latin America, and 4. Within four months, if they are issued a Latin American country to be paid out of Latin America. Article 719 .- The presentation of a check clearing house shall have the same effects as made directly to the drawee. Article 720 .- The bank shall be required in their relations with the drawer to cover the check until the remaining balance, except where legally relea...