Delaware Code
Title 6 - Commerce and Trade
Article 4. Bank Deposits and Collections

Part 1. General Provisions and Definitions

§ 4-101. Short title. - This Article may be cited as Uniform Commercial Code —...

§ 4-102. Applicability. - (a) To the extent that items within this Article are...

§ 4-103. Variation by agreement; measure of damages; action constituting ordinary care. - (a) The effect of the provisions of this Article may...

§ 4-104. Definitions and index of definitions. - (a) In this Article, unless the context otherwise requires: (1)...

§ 4-105. “Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank”. - In this Article: (1) “Bank” means a person engaged in...

§ 4-106. Payable through or payable at bank; collecting bank. - (a) If an item states that it is “payable through”...

§ 4-107. Separate office of bank. - A branch or separate office of a bank is a...

§ 4-108. Time of receipt of items. - (a) For the purpose of allowing time to process items,...

§ 4-109. Delays. - (a) Unless otherwise instructed, a collecting bank in a good...

§ 4-110. Electronic presentment. - (a) “Agreement for electronic presentment” means an agreement, clearing-house rule,...

§ 4-111. Statute of limitations. - An action to enforce an obligation, duty, or right arising...

Part 2. Collection of Items; Depositary and Collecting Banks

§ 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...

§ 4-202. Responsibility for collection or return; when action timely. - (a) A collecting bank must exercise ordinary care in: (1)...

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

§ 4-204. Methods of sending and presenting; sending directly to payor bank. - (a) A collecting bank shall send items by a reasonably...

§ 4-205. Depositary bank holder of unindorsed item. - If a customer delivers an item to a depositary bank...

§ 4-206. Transfer between banks. - Any agreed method that identifies the transferor bank is sufficient...

§ 4-207. Transfer warranties. - (a) A customer or collecting bank that transfers an item...

§ 4-208. Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...

§ 4-209. Encoding and retention warranties. - (a) A person who encodes information on or with respect...

§ 4-210. Security interest of collecting bank in items, accompanying documents and proceeds. - (a) A collecting bank has a security interest in an...

§ 4-211. When bank gives value for purposes of holder in due course. - For purposes of determining its status as a holder in...

§ 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...

§ 4-213. Medium and time of settlement by bank. - (a) With respect to settlement by a bank, the medium...

§ 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...

§ 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...

§ 4-216. Insolvency and preference. - (a) If an item is in or comes into the...

Part 3. Collection of Items: Payor Banks

§ 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...

§ 4-302. Payor bank's responsibility for late return of item. - (a) If an item is presented to and received by...

§ 4-303. When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified. - (a) Any knowledge, notice, or stop-payment order received by, legal...

Part 4. Relationship Between Payor Bank and its Customer

§ 4-401. When bank may charge customer's account. - (a) A bank may charge against the account of a...

§ 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...

§ 4-403. Customer's right to stop payment; burden of proof of loss. - (a) A customer or any person authorized to draw on...

§ 4-404. Bank not obliged to pay check more than six months old. - A bank is under no obligation to a customer having...

§ 4-405. Death or incompetence of customer. - (a) A payor or collecting bank's authority to accept, pay,...

§ 4-406. Customer's duty to discover and report unauthorized signature or alteration. - (a) A bank that sends or makes available to a...

§ 4-407. Payor bank's right to subrogation on improper payment. - If a payor bank has paid an item over the...

Part 5. Collection of Documentary Drafts

§ 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...

§ 4-502. Presentment of “on arrival” drafts. - If a draft or the relevant instructions require presentment “on...

§ 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,...

§ 4-504. Privilege of presenting bank to deal with goods; security interest for expenses. - (a) A presenting bank that, following the dishonor of a...