Code of Alabama
Article 4 - Bank Deposits and Collections.
Part 2 - Collection of Items: Depositary and Collecting Banks.

Section 7-4-201 - Status of Collecting Bank as Agent and Provisional Status of Credits, Applicability of Article; Item Indorsed "Pay Any bank." - (a) Unless a contrary intent clearly appears and before the...

Section 7-4-202 - Responsibility for Collection or Return; When Action Timely. - (a) A collecting bank must exercise ordinary care in: (1)...

Section 7-4-203 - Effect of Instructions. - Subject to Article 3 concerning conversion of instruments (Section 7-3-420)...

Section 7-4-204 - Methods of Sending and Presenting; Sending Directly to Payor Bank. - (a) A collecting bank shall send items by a reasonably...

Section 7-4-205 - Depositary Bank Holder of Unindorsed Item. - If a customer delivers an item to a depositary bank...

Section 7-4-206 - Transfer Between Banks. - Any agreed method that identifies the transferor bank is sufficient...

Section 7-4-208 - Presentment Warranties. - (a) If an unaccepted draft is presented to the drawee...

Section 7-4-207 - Transfer Warranties. - (a) A customer or collecting bank that transfers an item...

Section 7-4-209 - Encoding and Retention Warranties. - (a) A person who encodes information on or with respect...

Section 7-4-210 - Security Interest of Collecting Bank in Items, Accompanying Documents, and Proceeds. - (a) A collecting bank has a security interest in an...

Section 7-4-211 - When Bank Gives Value for Purposes of Holder in Due Course. - For purposes of determining its status as a holder in...

Section 7-4-212 - Presentment by Notice of Item Not Payable By, Through, or at Bank; Liability of Drawer or Indorser. - (a) Unless otherwise instructed, a collecting bank may present an...

Section 7-4-213 - Medium and Time of Settlement by Bank. - (a) With respect to settlement by a bank, the medium...

Section 7-4-214 - Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item. - (a) If a collecting bank has made provisional settlement with...

Section 7-4-215 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal. - (a) An item is finally paid by a payor bank...

Section 7-4-216 - Insolvency and Preference. - (a) If an item is in or comes into the...