§ 6A-4-204. Methods of sending and presenting — Sending directly to payor bank.
(a) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.
(b) A collecting bank may send:
(1) An item directly to the payor bank;
(2) An item to a nonbank payor if authorized by its transferor; and
(3) An item other than documentary drafts to a nonbank payor, if authorized by federal reserve regulation or operating circular, clearing-house rule, or the like.
(c) Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.
History of Section.P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4 - Bank Deposits and Collections
Part 2 - Collection of Items: Depositary and Collecting Banks
Section 6A-4-202. - Responsibility for collection or return — When action timely.
Section 6A-4-203. - Effect of instructions.
Section 6A-4-204. - Methods of sending and presenting — Sending directly to payor bank.
Section 6A-4-205. - Depositary bank holder of unindorsed item.
Section 6A-4-206. - Transfer between banks.
Section 6A-4-207. - Transfer warranties.
Section 6A-4-208. - Presentment warranties.
Section 6A-4-209. - Encoding and retention warranties.
Section 6A-4-211. - When bank gives value for purposes of holder in due course.
Section 6A-4-213. - Medium and time of settlement by bank.
Section 6A-4-214. - Right of charge-back or refund — Liability of collecting bank — Return of item.