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Section 42a-4-101. - Short title: Uniform Commercial Code–Bank Deposits and Collections. - This article may be cited as “Uniform Commercial Code–Bank Deposits...
Section 42a-4-102. - Applicability. - (a) To the extent that items within this article are...
Section 42a-4-103. - Variation by agreement. Measure of damages. Action constituting ordinary care. - (a) The effect of the provisions of this article may...
Section 42a-4-104. - Definitions and index of definitions. - (a) In this article, unless the context otherwise requires: (1)...
Section 42a-4-105. - “Bank”. “Depositary bank”. “Payor bank”. “Intermediary bank”. “Collecting bank”. “Presenting bank”. - In this article: (1) “Bank” means a person engaged in...
Section 42a-4-106. - Payable through or payable at bank. Collecting bank. - (a) If an item states that it is “payable through”...
Section 42a-4-107. - Separate office of bank. - A branch or separate office of a bank is a...
Section 42a-4-108. - Time of receipt of items. - (a) For the purpose of allowing time to process items,...
Section 42a-4-109. - Delays. - (a) Unless otherwise instructed, a collecting bank in a good...
Section 42a-4-110. - Electronic presentment. - (a) “Agreement for electronic presentment” means an agreement, clearinghouse rule,...
Section 42a-4-111. - Statute of limitations. - An action to enforce an obligation, duty, or right arising...
Section 42a-4-201. - Status of collecting bank as agent and provisional status of credits. Applicability of article. Item endorsed “pay any bank”. - (a) Unless a contrary intent clearly appears and before the...
Section 42a-4-202. - Responsibility for collection or return. When action timely. - (a) A collecting bank must exercise ordinary care in: (1)...
Section 42a-4-203. - Effect of instructions. - Subject to section 42a-3-420 concerning conversion of instruments and section...
Section 42a-4-204. - Methods of sending and presenting. Sending directly to payor bank. - (a) A collecting bank shall send items by a reasonably...
Section 42a-4-205. - Depositary bank holder of unendorsed item. - If a customer delivers an item to a depositary bank...
Section 42a-4-206. - Transfer between banks. - Any agreed method that identifies the transferor bank is sufficient...
Section 42a-4-207. - Transfer warranties. - (a) A customer or collecting bank that transfers an item...
Section 42a-4-208. - Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...
Section 42a-4-209. - Encoding and retention warranties. - (a) A person who encodes information on or with respect...
Section 42a-4-210. - Security interest of collecting bank in items, accompanying documents and proceeds. - (a) A collecting bank has a security interest in an...
Section 42a-4-211. - When bank gives value for purposes of holder in due course. - For purposes of determining its status as a holder in...
Section 42a-4-212. - Presentment by notice of item not payable by, through or at bank. Liability of drawer or endorser. - (a) Unless otherwise instructed, a collecting bank may present an...
Section 42a-4-213. - Medium and time of settlement by bank. - (a) With respect to settlement by a bank, the medium...
Section 42a-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 42a-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 42a-4-216. - Insolvency and preference. - (a) If an item is in or comes into the...
Section 42a-4-301. - Deferred posting. Recovery of payment by return of items. Time of dishonor. Return of items by payor bank. - (a) If a payor bank settles for a demand item...
Section 42a-4-302. - Payor bank's responsibility for late return of item. - (a) If an item is presented to and received by...
Section 42a-4-303. - When items subject to notice, stop-payment order, legal process or set-off. Order in which items may be charged or certified. - (a) Any knowledge, notice or stop-payment order received by, legal...
Section 42a-4-401. - When bank may charge customer's account. - (a) A bank may charge against the account of a...
Section 42a-4-402. - Bank's liability to customer for wrongful dishonor. Time of determining insufficiency of account. - (a) Except as otherwise provided in this article, a payor...
Section 42a-4-403. - Customer's right to stop payment. Burden of proof of loss. - (a) A customer or any person authorized to draw on...
Section 42a-4-404. - Bank not obligated to pay check more than six months old. - A bank is under no obligation to a customer having...
Section 42a-4-405. - Death or incompetence of customer. - (a) A payor or collecting bank's authority to accept, pay,...
Section 42a-4-406. - Customer's duty to discover and report unauthorized signature or alteration. - (a) A bank that sends or makes available to a...
Section 42a-4-407. - Payor bank's right to subrogation on improper payment. - If a payor bank has paid an item over the...
Section 42a-4-501. - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor. - A bank that takes a documentary draft for collection shall...
Section 42a-4-502. - Presentment of “on arrival” drafts. - If a draft or the relevant instructions require presentment “on...
Section 42a-4-503. - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need. - Unless otherwise instructed and except as provided in article 5,...
Section 42a-4-504. - Privilege of presenting bank to deal with goods; security interest for expenses. - (a) A presenting bank that, following the dishonor of a...