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Part 1 - General Provisions and Definitions
§ 28:4–101. Short title - This article may be cited as “Uniform Commercial Code—Bank Deposits...
§ 28:4–102. Applicability - (a) To the extent that items within this article are...
§ 28:4–103. Variation by agreement; measure of damages; action constituting ordinary care - (a) The effect of the provisions of this article may...
§ 28:4–104. Definitions and index of definitions - (a) In this article, unless the context otherwise requires, the...
§ 28:4–105. Definitions of types of banks - In this article, the term: (1) “Bank” means a person...
§ 28:4–106. Payable through or payable at bank; collecting bank - (a) If an item states that it is “payable through”...
§ 28:4–107. Separate office of bank - A branch or separate office of a bank is a...
§ 28:4–108. Time of receipt of items - (a) For the purpose of allowing time to process items,...
§ 28:4–109. Delays - (a) Unless otherwise instructed, a collecting bank in a good...
§ 28:4–110. Electronic presentment - (a) “Agreement for electronic presentment” means an agreement, clearing-house rule,...
§ 28:4–111. Statute of limitations - An action to enforce an obligation, duty, or right arising...
Part 2 - Collection of Items: Depositary and Collecting Banks
§ 28:4–201. 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...
§ 28:4–202. Responsibility for collection or return; when action timely - (a) A collecting bank must exercise ordinary care in: (1)...
§ 28:4–203. Effect of instructions - Subject to Article 3 concerning conversion of instruments (section 28:3-420...
§ 28:4–204. Methods of sending and presenting; sending directly to payor bank - (a) A collecting bank shall send items by a reasonably...
§ 28:4–205. Depositary bank holder of unindorsed item - If a customer delivers an item to a depositary bank...
§ 28:4–206. Transfer between banks - Any agreed method that identifies the transferor bank is sufficient...
§ 28:4–207. Transfer warranties - (a) A customer or collecting bank that transfers an item...
§ 28:4–208. Presentment warranties - (a) If an unaccepted draft is presented to the drawee...
§ 28:4–209. Encoding and retention warranties - (a) A person who encodes information on or with respect...
§ 28:4–210. Security interest of collecting bank in items, accompanying documents, and proceeds - (a) A collecting bank has a security interest in an...
§ 28:4–211. When bank gives value for purposes of holder in due course - For purposes of determining its status as a holder in...
§ 28:4–212. 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...
§ 28:4–213. Medium and time of settlement by bank - (a) With respect to settlement by a bank, the medium...
§ 28:4–214. Right of charge-back or refund; liability of collecting bank; return of item - (a) If a collecting bank has made provisional settlement with...
§ 28:4–215. 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...
§ 28:4–216. Insolvency and preference - (a) If an item is in or comes into the...
Part 3 - Collection of Items: Payor Banks
§ 28:4–301. 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...
§ 28:4–302. Payor bank’s responsibility for late return of item - (a) If an item is presented to and received by...
§ 28:4–303. 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...
§ 28:4–401. When bank may charge customer’s account - (a) A bank may charge against the account of a...
§ 28:4–402. Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account - (a) Except as otherwise provided in this article, a payor...
§ 28:4–403. Customer’s right to stop payment; burden of proof of loss - (a) A customer, or any person authorized to draw on...
§ 28:4–404. Bank not obliged to pay check more than 6 months old - A bank is under no obligation to a customer having...
§ 28:4–405. Death or incompetence of customer - (a) A payor or collecting bank’s authority to accept, pay,...
§ 28:4–406. Customer’s duty to discover and report unauthorized signature or alteration - (a) A bank that sends or makes available to a...
§ 28:4–407. Payor bank’s right to subrogation on improper payment - If a payor bank has paid an item over the...
§ 28:4–501. 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...
§ 28:4–502. Presentment of “on arrival” drafts - If a draft or the relevant instructions require presentment “on...
§ 28:4–503. 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,...
§ 28:4–504. Privilege of presenting bank to deal with goods; security interest for expenses - (a) A presenting bank that, following the dishonor of a...