New York Laws
UCC - Uniform Commercial Code
Article 4 - Bank Deposits and Collections

Part 1 - General Provisions and Definitions

4-101 - Short Title. - This Article shall be known and may be cited as...

4-102 - Applicability. - (1) To the extent that items within this Article are...

4-103 - Variation by Agreement; Measure of Damage; Certain Action Constituting Ordinary Care. - (1) The effect of the provisions of this Article may...

4-104 - Definitions and Index of Definitions. - (1) In this Article unless the context otherwise requires (a)...

4-105 - "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank"; "Remitting Bank". - (a) "Depositary bank" means the first bank to which an...

4-106 - Separate Office of a Bank. - A branch or separate office of a bank is a...

4-107 - Time of Receipt of Items. - (1) For the purpose of allowing time to process items,...

4-108 - Delays. - (1) Unless otherwise instructed, a collecting bank in a good...

4-109 - Process of Posting. - (a) verification of any signature; (b) ascertaining that sufficient funds...

Part 2 - Collection of Items: Depositary and Collecting Banks

4-201 - Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Article; Item Indorsed "Pay Any Bank - (1) Unless a contrary intent clearly appears and prior to...

4-202 - Responsibility for Collection; When Action Seasonable. - (1) A collecting bank must use ordinary care in (a)...

4-203 - Effect of Instructions. - Subject to the provisions of Article 3 concerning conversion of...

4-204 - Methods of Sending and Presenting; Sending Direct to Payor Bank. - (1) A collecting bank must send items by reasonably prompt...

4-205 - Supplying Missing Indorsement; No Notice From Prior Indorsement. - (1) A depositary bank which has taken an item for...

4-206 - Transfer Between Banks. - Any agreed method which identifies the transferor bank is sufficient...

4-207 - Warranties of Customer and Collecting Bank on Transfer or Presentment of Items; Time for Claims. - (1) Each customer or collecting bank who obtains payment or...

4-208 - Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds. - (1) A bank has a security interest in an item...

4-209 - When Bank Gives Value for Purposes of Holder in Due Course. - Course. For purposes of determining its status as a holder...

4-210 - Presentment by Notice of Item Not Payable By, Through or at a Bank; Liability of Secondary Parties. - (1) Unless otherwise instructed, a collecting bank may present an...

4-211 - Media of Remittance; Provisional and Final Settlement in Remittance Cases. - (1) A collecting bank may take in settlement of an...

4-212 - Right of Charge-Back or Refund. - (1) If a collecting bank has made provisional settlement with...

4-213 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal. - (1) An item is finally paid by a payor bank...

4-214 - Insolvency and Preference. - (1) Any item in or coming into the possession of...

Part 3 - Collection of Items: Payor Banks

4-301 - Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor. - (1) Where an authorized settlement for a demand item (other...

4-302 - Payor Bank's Responsibility for Late Return of Item. - In the absence of a valid defense such as breach...

4-303 - When Items Subject to Notice, Stop-Order, Legal Process or Setoff; Order in Which Items May Be Charged or Certified. - (1) Any knowledge, notice or stop-order received by, legal process...

Part 4 - Relationship Between Payor Bank and Its Customer

4-401 - When Bank May Charge Customer's Account. - (1) As against its customer, a bank may charge against...

4-402 - Bank's Liability to Customer for Wrongful Dishonor. - A payor bank is liable to its customer for damages...

4-403 - Customer's Right to Stop Payment; Burden of Proof of Loss. - (1) A customer may by order to his bank stop...

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

4-405 - Death or Incompetence of Customer. - (1) A payor or collecting bank's authority to accept, pay...

4-406 - Customer's Duty to Discover and Report Unauthorized Signature or Alteration. - (1) When a bank sends to its customer a statement...

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

4-408 - Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check. - (1) This section applies if a cashier's check, teller's check...

Part 5 - Collection of Documentary Drafts

4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor. - Presentment and to Notify Customer of Dishonor. A bank which...

4-502 - Presentment of "On Arrival" Drafts. - When a draft or the relevant instructions require presentment "on...

4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need. - (a) must deliver the documents to the drawee on acceptance...

4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses. - (1) A presenting bank which, following the dishonor of a...