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174-1962-4-1 - Part 1 General Provisions and Definitions (440.4101...440.4111)
Section 440.4101 - Uniform Commercial Code—bank Deposits and Collections; Short Title. - Sec. 4101. This article shall be known and may be...
Section 440.4102 - Conflict of Laws; Provisions Applicable. - Sec. 4102. (1) To the extent that items within this...
Section 440.4103 - Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care. - Sec. 4103. (1) The effect of the provisions of this...
Section 440.4104 - Definitions Used in Article. - Sec. 4104. (1) As used in this article unless the...
Section 440.4105 - Additional Definitions. - Sec. 4105. As used in this article unless the context...
Section 440.4106 - “Payable Through” and “Payable At” Explained; Bank as Collecting Bank. - Sec. 4106. (1) If an item states that it is...
Section 440.4107 - Bank Branch or Separate Office as Separate Bank. - Sec. 4107. A branch or separate office of a bank...
Section 440.4108 - Time of Receipt of Items. - Sec. 4108. (1) For the purpose of allowing time to...
Section 440.4109 - Collecting Bank; Waiving, Modifying, or Extending Time Limits; Excuse for Delay. - Sec. 4109. (1) Unless otherwise instructed, a collecting bank in...
Section 440.4110 - “Agreement for Electronic Presentment” Defined; Presentment Notice. - Sec. 4110. (1) "Agreement for electronic presentment" means an agreement,...
Section 440.4111 - Commencement of Action Under Article; Time Period. - Sec. 4111. An action to enforce an obligation, duty, or...
174-1962-4-2 - Part 2 Collection of Items: Depositary and Collecting Banks (440.4201...440.4216)
Section 440.4201 - Agency Status of Banks; Provisional Status of Credits; Applicability of Article; Endorsement With Pay Any Bank. - Sec. 4201. (1) Unless a contrary intent clearly appears and...
Section 440.4202 - Collecting Bank; Duties; Exercising Ordinary Care; Liability. - Sec. 4202. (1) A collecting bank must exercise ordinary care...
Section 440.4203 - Collecting Bank; Instructions From Transferor. - Sec. 4203. Subject to article 3 concerning conversion of instruments...
Section 440.4204 - Collecting Bank; Methods of Sending Items; Presentment. - Sec. 4204. (1) A collecting bank shall send items by...
Section 440.4205 - Depositary Bank; Item Delivered by Customer for Collection. - Sec. 4205. If a customer delivers an item to a...
Section 440.4206 - Transfer Between Banks. - Sec. 4206. Any agreed method which identifies the transferor bank...
Section 440.4207 - Warranties of Customer and Collecting Bank on Transfer of Items; Accrual of Cause of Action. - Sec. 4207. (1) A customer or collecting bank that transfers...
Section 440.4208 - Presentment of Unaccepted or Dishonored Draft; Warranties of Person Obtaining Payment and Prior Transferor; Discharge; Accrual of Cause of Action. - Sec. 4208. (1) If an unaccepted draft is presented to...
Section 440.4209 - Electronic Presentment; Encoding of Information and Retaining Items; Warranties; Recovery of Damages, Expenses, and Loss of Interest. - Sec. 4209. (1) A person who encodes information on or...
Section 440.4210 - Security Interest of Collecting Bank in Items, Accompanying Documents, or Proceeds. - Sec. 4210. (1) A collecting bank has a security interest...
Section 440.4211 - Bank With Security Interest as Holder in Due Course. - Sec. 4211. For purposes of determining its status as a...
Section 440.4212 - Presentment by Notice of Item Not Payable By, Through, or at a Bank; Treating Item as Dishonored. - Sec. 4212. (1) Unless otherwise instructed, a collecting bank may...
Section 440.4213 - Settlement; Medium and Time. - Sec. 4213. (1) With respect to settlement by a bank,...
Section 440.4214 - Right to Charge-Back or Refund. - Sec. 4214. (1) If a collecting bank has made provisional...
Section 440.4215 - Final Payment of Items by Payor Bank; Final Credit; Availability of Credit for Withdrawal. - Sec. 4215. (1) An item is finally paid by a...
Section 440.4216 - Payor or Collecting Bank; Suspension of Payments. - Sec. 4216. (1) If an item is in or comes...
174-1962-4-3 - Part 3 Collection of Items: Payor Banks (440.4301...440.4303)
Section 440.4301 - Demand Items; Recovery of Settlement; Time of Dishonor; Return of Items. - Sec. 4301. (1) If a payor bank settles for a...
Section 440.4302 - Payor Bank; Accountability Upon Presentment and Receipt of Item; Defenses. - Sec. 4302. (1) If an item is presented on and...
Section 440.4303 - Payor Bank; Items Subject to Knowledge Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Times May Be Handled. - Sec. 4303. (1) Any knowledge, notice, or stop-payment order received...
174-1962-4-4 - Part 4 Relationship Between Payor Bank and Its Customer (440.4401...440.4407)
Section 440.4401 - Payor Bank; Charge Against Customer's Account. - Sec. 4401. (1) A bank may charge against the account...
Section 440.4402 - Payor Bank; Wrongful Dishonor; Liability to Customer; Determination of Account Balance. - Sec. 4402. (1) Except as otherwise provided in this article,...
Section 440.4403 - Customer's Right to Stop Payment; Lapse and Renewal; Burden of Proof of Loss. - Sec. 4403. (1) A customer or any person authorized to...
Section 440.4404 - Payment of Checks More Than 6 Months Old. - Sec. 4404. A bank is under no obligation to a...
Section 440.4405 - Death or Incompetence of Customer. - Sec. 4405. (1) A payor or collecting bank's authority to...
Section 440.4406 - Statement of Account; Identification of Items Paid; Retention of Items or Copies; Customer's Duty to Discover and Report Unauthorized Signature or Alteration; Failure to Comply With Subsection (3); Failure of Bank to Exercise Ordin... - Sec. 4406. (1) A bank that sends or makes available...
Section 440.4407 - Improper Payment; Subrogation of Payor Bank. - Sec. 4407. If a payor bank has paid an item...
174-1962-4-5 - Part 5 Collection of Documentary Drafts (440.4501...440.4504)
Section 440.4501 - Documentary Draft; Presentment, Notice of Dishonor. - Sec. 4501. A bank which takes a documentary draft for...
Section 440.4502 - Documentary Draft; Presentment on Arrival of Goods, Refusal for Non-Arrival; Notice to Transferor. - Sec. 4502. When a draft or the relevant instructions require...
Section 440.4503 - Documentary Draft; Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referees; Expenses. - Sec. 4503. Unless otherwise instructed and except as provided in...
Section 440.4504 - Documentary Draft; Presenting Bank's Right to Deal With Goods; Lien for Expenses. - Sec. 4504. (1) A presenting bank which, following the dishonor...