§ 4102. Applicability.
(a) Commercial paper and investment securities.--To the extent that items within this division are also within Division 3 (relating to negotiable instruments) and Division 8 (relating to investment securities), they are subject to the provisions of those divisions. If there is conflict, this division governs Division 3, but Division 8 governs this division.
(b) Law applicable regarding liability of bank with respect to items handled.--The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment or collection is governed by the law of the place where the bank is located. In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located. (July 9, 1992, P.L.507, No.97, eff. one year)
Cross References. Section 4102 is referred to in section 1301 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 41 - General Provisions and Definitions
Section 4101 - Short title of division
Section 4103 - Variation by agreement; measure of damages; action constituting ordinary care
Section 4104 - Definitions and index of definitions
Section 4106 - Payable through or payable at bank; collecting bank
Section 4107 - Separate office of a bank
Section 4108 - Time of receipt of items