Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS

Section 28-4-103 - VARIATION BY AGREEMENT — MEASURE OF DAMAGES — CERTAIN ACTION CONSTITUTING ORDINARY CARE. - 28-4-103. VARIATION BY AGREEMENT — MEASURE OF DAMAGES — CERTAIN...

Section 28-4-104 - DEFINITIONS AND INDEX OF DEFINITIONS. - 28-4-104. DEFINITIONS AND INDEX OF DEFINITIONS. (1) In this chapter,...

Section 28-4-105 - “BANK” — “DEPOSITARY BANK” — “INTERMEDIARY BANK” — “COLLECTING BANK” — “PAYOR BANK” — “PRESENTING BANK.” - 28-4-105. "BANK" — "DEPOSITARY BANK" — "INTERMEDIARY BANK" — "COLLECTING...

Section 28-4-106 - PAYABLE THROUGH OR PAYABLE AT BANK — COLLECTING BANK. - 28-4-106. PAYABLE THROUGH OR PAYABLE AT BANK — COLLECTING BANK....

Section 28-4-107 - SEPARATE OFFICE OF A BANK. - 28-4-107. SEPARATE OFFICE OF A BANK. A branch or separate...

Section 28-4-108 - TIME OF RECEIPT OF ITEMS. - 28-4-108. TIME OF RECEIPT OF ITEMS. (1) For the purpose...

Section 28-4-109 - DELAYS. - 28-4-109. DELAYS. (1) Unless otherwise instructed, a collecting bank in...

Section 28-4-110 - ELECTRONIC PRESENTMENT. - 28-4-110. ELECTRONIC PRESENTMENT. (1) "Agreement for electronic presentment" means an...

Section 28-4-111 - STATUTE OF LIMITATIONS. - 28-4-111. STATUTE OF LIMITATIONS. An action to enforce an obligation,...

Part 2 - COLLECTION OF ITEMS — DEPOSITARY AND COLLECTING BANKS

Section 28-4-201 - STATUS OF COLLECTING BANK AS AGENT AND PROVISIONAL STATUS OF CREDITS — APPLICABILITY OF CHAPTER — ITEM INDORSED “PAY ANY BANK.” - 28-4-201. STATUS OF COLLECTING BANK AS AGENT AND PROVISIONAL STATUS...

Section 28-4-202 - RESPONSIBILITY FOR COLLECTION OR RETURN — WHEN ACTION TIMELY. - 28-4-202. RESPONSIBILITY FOR COLLECTION OR RETURN — WHEN ACTION TIMELY....

Section 28-4-203 - EFFECT OF INSTRUCTIONS. - 28-4-203. EFFECT OF INSTRUCTIONS. Subject to the provisions of chapter...

Section 28-4-204 - METHODS OF SENDING AND PRESENTING — SENDING DIRECTLY TO PAYOR BANK. - 28-4-204. METHODS OF SENDING AND PRESENTING — SENDING DIRECTLY TO...

Section 28-4-205 - DEPOSITARY BANK HOLDER OF UNINDORSED ITEM. - 28-4-205. DEPOSITARY BANK HOLDER OF UNINDORSED ITEM. If a customer...

Section 28-4-206 - TRANSFER BETWEEN BANKS. - 28-4-206. TRANSFER BETWEEN BANKS. Any agreed method that identifies the...

Section 28-4-207 - TRANSFER WARRANTIES. - 28-4-207. TRANSFER WARRANTIES. (1) A customer or collecting bank that...

Section 28-4-208 - PRESENTMENT WARRANTIES. - 28-4-208. PRESENTMENT WARRANTIES. (1) If an unaccepted draft is presented...

Section 28-4-209 - ENCODING AND RETENTION WARRANTIES. - 28-4-209. ENCODING AND RETENTION WARRANTIES. (1) A person who encodes...

Section 28-4-210 - SECURITY INTEREST OF COLLECTING BANK IN ITEMS, ACCOMPANYING DOCUMENTS AND PROCEEDS. - 28-4-210. SECURITY INTEREST OF COLLECTING BANK IN ITEMS, ACCOMPANYING DOCUMENTS...

Section 28-4-211 - WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE. - 28-4-211. WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN...

Section 28-4-212 - PRESENTMENT BY NOTICE OF ITEM NOT PAYABLE BY, THROUGH OR AT A BANK — LIABILITY OF DRAWER OR INDORSER. - 28-4-212. PRESENTMENT BY NOTICE OF ITEM NOT PAYABLE BY, THROUGH...

Section 28-4-213 - MEDIUM AND TIME OF SETTLEMENT BY BANK. - 28-4-213. MEDIUM AND TIME OF SETTLEMENT BY BANK. (1) With...

Section 28-4-214 - RIGHT OF CHARGE-BACK OR REFUND — LIABILITY OF COLLECTING BANK — RETURN OF ITEM. - 28-4-214. RIGHT OF CHARGE-BACK OR REFUND — LIABILITY OF COLLECTING...

Section 28-4-215 - FINAL PAYMENT OF ITEM BY PAYOR BANK — WHEN PROVISIONAL DEBITS AND CREDITS BECOME FINAL — WHEN CERTAIN CREDITS BECOME AVAILABLE FOR WITHDRAWAL. - 28-4-215. FINAL PAYMENT OF ITEM BY PAYOR BANK — WHEN...

Section 28-4-216 - INSOLVENCY AND PREFERENCE. - 28-4-216. INSOLVENCY AND PREFERENCE. (1) If an item is in...

Part 3 - COLLECTION OF ITEMS — PAYOR BANKS

Section 28-4-301 - DEFERRED POSTING — RECOVERY OF PAYMENT BY RETURN OF ITEMS — TIME OF DISHONOR — RETURN OF ITEMS BY PAYOR BANK. - 28-4-301. DEFERRED POSTING — RECOVERY OF PAYMENT BY RETURN OF...

Section 28-4-302 - PAYOR BANK’S RESPONSIBILITY FOR LATE RETURN OF ITEM. - 28-4-302. PAYOR BANK’S RESPONSIBILITY FOR LATE RETURN OF ITEM. (1)...

Section 28-4-303 - WHEN ITEMS SUBJECT TO NOTICE, STOP-PAYMENT ORDER, LEGAL PROCESS OR SETOFF — ORDER IN WHICH ITEMS MAY BE CHARGED OR CERTIFIED. - 28-4-303. WHEN ITEMS SUBJECT TO NOTICE, STOP-PAYMENT ORDER, LEGAL PROCESS...

Part 4 - RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER

Section 28-4-401 - WHEN BANK MAY CHARGE CUSTOMER’S ACCOUNT. - 28-4-401. WHEN BANK MAY CHARGE CUSTOMER’S ACCOUNT. (1) A bank...

Section 28-4-402 - BANK’S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR — TIME OF DETERMINING INSUFFICIENCY OF ACCOUNT. - 28-4-402. BANK’S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR — TIME...

Section 28-4-403 - CUSTOMER’S RIGHT TO STOP PAYMENT — BURDEN OF PROOF OF LOSS. - 28-4-403. CUSTOMER’S RIGHT TO STOP PAYMENT — BURDEN OF PROOF...

Section 28-4-404 - BANK NOT OBLIGATED TO PAY CHECK MORE THAN SIX MONTHS OLD. - 28-4-404. BANK NOT OBLIGATED TO PAY CHECK MORE THAN SIX...

Section 28-4-404A - BANK SHALL PROVIDE NOTICE OF USE OF PHOTOCOPY CHECK. - 28-4-404A. BANK SHALL PROVIDE NOTICE OF USE OF PHOTOCOPY CHECK....

Section 28-4-404B - STATUTORY FORM FOR NOTICE OF PROCESSING PHOTOCOPIED CHECK. - 28-4-404B. STATUTORY FORM FOR NOTICE OF PROCESSING PHOTOCOPIED CHECK. The...

Section 28-4-404C - WHEN NOTICE NOT REQUIRED. - 28-4-404C. WHEN NOTICE NOT REQUIRED. The notice required by section...

Section 28-4-405 - DEATH OR INCOMPETENCE OF CUSTOMER. - 28-4-405. DEATH OR INCOMPETENCE OF CUSTOMER. (1) A payor or...

Section 28-4-406 - CUSTOMER’S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE OR ALTERATION. - 28-4-406. CUSTOMER’S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE OR...

Section 28-4-407 - PAYOR BANK’S RIGHT TO SUBROGATION ON IMPROPER PAYMENT. - 28-4-407. PAYOR BANK’S RIGHT TO SUBROGATION ON IMPROPER PAYMENT. If...

Part 5 - COLLECTION OF DOCUMENTARY DRAFTS

Section 28-4-501 - HANDLING OF DOCUMENTARY DRAFTS — DUTY TO SEND FOR PRESENTMENT AND TO NOTIFY CUSTOMER OF DISHONOR. - 28-4-501. HANDLING OF DOCUMENTARY DRAFTS — DUTY TO SEND FOR...

Section 28-4-502 - PRESENTMENT OF “ON ARRIVAL” DRAFTS. - 28-4-502. PRESENTMENT OF "ON ARRIVAL" DRAFTS. If a draft or...

Section 28-4-503 - RESPONSIBILITY OF PRESENTING BANK FOR DOCUMENTS AND GOODS — REPORT OF REASONS FOR DISHONOR — REFEREE IN CASE OF NEED. - 28-4-503. RESPONSIBILITY OF PRESENTING BANK FOR DOCUMENTS AND GOODS —...

Section 28-4-504 - PRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS — SECURITY INTEREST FOR EXPENSES. - 28-4-504. PRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS —...

Part 6 - FUNDS TRANSFERS

Section 28-4-601 - SHORT TITLE. - 28-4-601. SHORT TITLE. This part may be cited as "Uniform...

Section 28-4-602 - SUBJECT MATTER. - 28-4-602. SUBJECT MATTER. Except as otherwise provided in section 28-4-608,...

Section 28-4-603 - PAYMENT ORDER — DEFINITIONS. - 28-4-603. PAYMENT ORDER — DEFINITIONS. (1) In this part: (a)...

Section 28-4-604 - FUNDS TRANSFER — DEFINITIONS. - 28-4-604. FUNDS TRANSFER — DEFINITIONS. In this part: (1) "Funds...

Section 28-4-605 - OTHER DEFINITIONS. - 28-4-605. OTHER DEFINITIONS. (1) In this part: (a) "Authorized account"...

Section 28-4-606 - TIME PAYMENT ORDER IS RECEIVED. - 28-4-606. TIME PAYMENT ORDER IS RECEIVED. (1) The time of...

Section 28-4-607 - FEDERAL RESERVE REGULATIONS AND OPERATING CIRCULARS. - 28-4-607. FEDERAL RESERVE REGULATIONS AND OPERATING CIRCULARS. Regulations of the...

Section 28-4-608 - RELATIONSHIP TO ELECTRONIC FUND TRANSFER ACT. - 28-4-608. RELATIONSHIP TO ELECTRONIC FUND TRANSFER ACT. (1) Except as...

Section 28-4-609 - SECURITY PROCEDURE. - 28-4-609. SECURITY PROCEDURE. "Security procedure" means a procedure established by...

Section 28-4-610 - AUTHORIZED AND VERIFIED PAYMENT ORDERS. - 28-4-610. AUTHORIZED AND VERIFIED PAYMENT ORDERS. (1) A payment order...

Section 28-4-611 - UNENFORCEABILITY OF CERTAIN VERIFIED PAYMENT ORDERS. - 28-4-611. UNENFORCEABILITY OF CERTAIN VERIFIED PAYMENT ORDERS. (1) If an...

Section 28-4-612 - REFUND OF PAYMENT AND DUTY OF CUSTOMER TO REPORT WITH RESPECT TO UNAUTHORIZED PAYMENT ORDER. - 28-4-612. REFUND OF PAYMENT AND DUTY OF CUSTOMER TO REPORT...

Section 28-4-613 - ERRONEOUS PAYMENT ORDERS. - 28-4-613. ERRONEOUS PAYMENT ORDERS. (1) If an accepted payment order...

Section 28-4-614 - TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS — TRANSFER OR OTHER COMMUNICATION SYSTEM. - 28-4-614. TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS — TRANSFER OR...

Section 28-4-615 - MISDESCRIPTION OF BENEFICIARY. - 28-4-615. MISDESCRIPTION OF BENEFICIARY. (1) Subject to subsection (2) of...

Section 28-4-616 - MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY’S BANK. - 28-4-616. MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY’S BANK. (1) This...

Section 28-4-617 - ACCEPTANCE OF PAYMENT ORDER. - 28-4-617. ACCEPTANCE OF PAYMENT ORDER. (1) Subject to subsection (4)...

Section 28-4-618 - REJECTION OF PAYMENT ORDER. - 28-4-618. REJECTION OF PAYMENT ORDER. (1) A payment order is...

Section 28-4-619 - CANCELLATION AND AMENDMENT OF PAYMENT ORDER. - 28-4-619. CANCELLATION AND AMENDMENT OF PAYMENT ORDER. (1) A communication...

Section 28-4-620 - LIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED PAYMENT ORDER. - 28-4-620. LIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED PAYMENT...

Section 28-4-621 - EXECUTION AND EXECUTION DATE. - 28-4-621. EXECUTION AND EXECUTION DATE. (1) A payment order is...

Section 28-4-622 - OBLIGATIONS OF RECEIVING BANK IN EXECUTION OF PAYMENT ORDER. - 28-4-622. OBLIGATIONS OF RECEIVING BANK IN EXECUTION OF PAYMENT ORDER....

Section 28-4-623 - ERRONEOUS EXECUTION OF PAYMENT ORDER. - 28-4-623. ERRONEOUS EXECUTION OF PAYMENT ORDER. (1) A receiving bank...

Section 28-4-624 - DUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT ORDER. - 28-4-624. DUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT ORDER....

Section 28-4-625 - LIABILITY FOR LATE OR IMPROPER EXECUTION OR FAILURE TO EXECUTE PAYMENT ORDER. - 28-4-625. LIABILITY FOR LATE OR IMPROPER EXECUTION OR FAILURE TO...

Section 28-4-626 - PAYMENT DATE. - 28-4-626. PAYMENT DATE. "Payment date" of a payment order means...

Section 28-4-627 - OBLIGATION OF SENDER TO PAY RECEIVING BANK. - 28-4-627. OBLIGATION OF SENDER TO PAY RECEIVING BANK. (1) The...

Section 28-4-628 - PAYMENT BY SENDER TO RECEIVING BANK. - 28-4-628. PAYMENT BY SENDER TO RECEIVING BANK. (1) Payment of...

Section 28-4-629 - OBLIGATION OF BENEFICIARY’S BANK TO PAY AND GIVE NOTICE TO BENEFICIARY. - 28-4-629. OBLIGATION OF BENEFICIARY’S BANK TO PAY AND GIVE NOTICE...

Section 28-4-630 - PAYMENT BY BENEFICIARY’S BANK TO BENEFICIARY. - 28-4-630. PAYMENT BY BENEFICIARY’S BANK TO BENEFICIARY. (1) If the...

Section 28-4-631 - PAYMENT BY ORIGINATOR TO BENEFICIARY — DISCHARGE OF UNDERLYING OBLIGATION. - 28-4-631. PAYMENT BY ORIGINATOR TO BENEFICIARY — DISCHARGE OF UNDERLYING...

Section 28-4-632 - VARIATION BY AGREEMENT AND EFFECT OF FUNDS-TRANSFER SYSTEM RULE. - 28-4-632. VARIATION BY AGREEMENT AND EFFECT OF FUNDS-TRANSFER SYSTEM RULE....

Section 28-4-633 - CREDITOR PROCESS SERVED ON RECEIVING BANK — SETOFF BY BENEFICIARY’S BANK. - 28-4-633. CREDITOR PROCESS SERVED ON RECEIVING BANK — SETOFF BY...

Section 28-4-634 - INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS TRANSFER. - 28-4-634. INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS TRANSFER....

Section 28-4-635 - ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT — ORDER OF WITHDRAWALS FROM ACCOUNT. - 28-4-635. ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE...

Section 28-4-636 - PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER’S ACCOUNT. - 28-4-636. PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER’S ACCOUNT. If...

Section 28-4-637 - RATE OF INTEREST. - 28-4-637. RATE OF INTEREST. (1) If, under this part, a...

Section 28-4-638 - CHOICE OF LAW. - 28-4-638. CHOICE OF LAW. (1) The following rules apply unless...

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Idaho Code Title 28 - COMMERCIAL TRANSACTIONS Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS

Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS