Mississippi Code
Part 3 - . Collection of Items: Payor Banks
§ 75-4-302. Payor bank's responsibility for late return of item

If an item is presented to and received by a payor bank, the bank is accountable for the amount of:
The liability of a payor bank to pay an item pursuant to subsection (a) is subject to defenses based on breach of a presentment warranty (Section 75-4-208) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank.

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Structure Mississippi Code

Mississippi Code

Title 75 - Regulation of Trade, Commerce and Investments

Chapter 4 - Uniform Commercial Code-Bank Deposits and Collections

Part 3 - . Collection of Items: Payor Banks

§ 75-4-301. Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank

§ 75-4-302. Payor bank's responsibility for late return of item

§ 75-4-303. When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified