Massachusetts General Laws
Chapter 106 - Uniform Commercial Code
Article 4 - Bank Deposits and Collections

Section 4-301 - Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank - Section 4–301. (a) If a payor bank settles for a...

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

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

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

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

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

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

Section 4-302 - Payor Bank's Responsibility for Late Return of Item - Section 4–302. (a) If an item is presented to and...

Section 4-407 - Payor Bank's Right to Subrogation on Improper Payment - Section 4–407. If a payor bank has paid an item...

Section 4-401 - When Bank May Charge Customer's Account - Section 4–401. (a) A bank may charge against the account...

Section 4-402 - Bank's Liability to Customer for Wrongful Dishonor; Time of Determining Insufficiency of Account - Section 4–402. (a) Except as otherwise provided in this Article,...

Section 4-404 - Bank Not Obliged to Pay Check More Than Six Months Old - Section 4–404. A bank is under no obligation to a...

Section 4-405 - Death or Incompetence of Customer - Section 4–405. (a) A payor or collecting bank's authority to...

Section 4-406 - Customer's Duty to Discover and Report Unauthorized Signature or Alteration - Section 4–406. (a) A bank that sends or makes available...

Section 4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor - Section 4–501. A bank that takes a documentary draft for...

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

Section 4-502 - Presentment of ''on Arrival'' Drafts - Section 4–502. If a draft or the relevant instructions require...

Section 4-303 - When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified - Section 4–303. (a) Any knowledge, notice, or stop-payment order received...

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

Section 4-104 - Definitions and Index of Definitions - Section 4–104. (a) In this Article, unless the context otherwise...

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

Section 4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need - Section 4–503. Unless otherwise instructed and except as provided in...

Section 4-101 - Short Title - Section 4–101. This Article may be cited as Uniform Commercial...

Section 4-102 - Applicability - Section 4–102. (a) To the extent that items within this...

Section 4-103 - Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care - Section 4–103. (a) The effect of the provisions of this...

Section 4-105 - Bank; Depositary Bank; Payor Bank; Intermediary Bank; Collecting Bank; Presenting Bank - Section 4–105. In this Article the following words shall have...

Section 4-106 - Payable Through or Payable at Bank; Collecting Bank - Section 4–106. (a) If an item states that it is...

Section 4-107 - Separate Office of Bank - Section 4–107. A branch or separate office of a bank...

Section 4-108 - Time of Receipt of Items - Section 4–108. (a) For the purpose of allowing time to...

Section 4-109 - Delays - Section 4–109. (a) Unless otherwise instructed, a collecting bank in...

Section 4-110 - Electronic Presentment - Section 4–110. (a) ''Agreement for electronic presentment'' means an agreement,...

Section 4-111 - Statute of Limitations - Section 4–111. An action to enforce an obligation, duty, or...

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

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

Section 4-203 - Effect of Instructions - Section 4–203. Subject to Article 3 concerning conversion of instruments...

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

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

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

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

Section 4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses - Section 4–504. (a) A presenting bank that, following the dishonor...

Section 4-403 - Customer's Right to Stop Payment; Burden of Proof of Loss - Section 4–403. (a) A customer or any person authorized to...