Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 55-4-201 - Status of collecting banks 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...
Section 55-4-202 - Responsibility for collection or return; when action timely. - (a) A collecting bank must exercise ordinary care in: (1)...
Section 55-4-203 - Effect of instructions. - Subject to Article 3 concerning conversion of instruments (Section 55-3-420...
Section 55-4-204 - Methods of sending and presenting; sending directly to payor bank. - (a) A collecting bank shall send items by a reasonably...
Section 55-4-205 - Depositary bank holder of unindorsed item. - If a customer delivers an item to a depositary bank...
Section 55-4-206 - Transfer between banks. - Any agreed method that identifies the transferor bank is sufficient...
Section 55-4-207 - Transfer warranties. - (a) A customer or collecting bank that transfers an item...
Section 55-4-208 - Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...
Section 55-4-209 - Encoding and retention warranties. - (a) A person who encodes information on or with respect...
Section 55-4-210 - Security interest of collecting bank in items, accompanying documents and proceeds. - (a) A collecting bank has a security interest in an...
Section 55-4-211 - When bank gives value for purposes of holder in due course. - For purposes of determining its status as a holder in...
Section 55-4-212 - Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser. - (a) Unless otherwise instructed, a collecting bank may present an...
Section 55-4-213 - Medium and time of settlement by bank. - (a) With respect to settlement by a bank, the medium...
Section 55-4-214 - Right of charge-back or refund; liability of collecting bank; return of item. - (a) If a collecting bank has made provisional settlement with...
Section 55-4-215 - 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...
Section 55-4-216 - Insolvency and preference. - (a) If an item is in or comes into the...