(a) To the extent that items within this chapter are also within Chapters 3 and 8 of this subtitle, they are subject to those chapters. If there is conflict, this chapter governs Chapter 3, but Chapter 8 governs this chapter.
(b) The liability of a bank for action or non-action with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located. In the case of action or non-action by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.
History. Acts 1961, No. 185, § 4-102; reen. 1967, No. 303, § 12 (4-102); A.S.A. 1947, § 85-4-102; Acts 1991, No. 572, § 6.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 4 - Bank Deposits and Collections
Part 1 - General Provisions and Definitions
§ 4-4-103. Variation by agreement — Measure of damages — Action constituting ordinary care
§ 4-4-104. Definitions and index of definitions
§ 4-4-105. Definitions of types of banks
§ 4-4-106. Payable through or payable at bank — Collecting bank
§ 4-4-107. Separate office of a bank
§ 4-4-108. Time of receipt of items