Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4 - Bank Deposits and Collections

Part 1 - General Provisions and Definitions

Section 6A-4-101. - Short title. - § 6A-4-101. Short title. This chapter may be cited as...

Section 6A-4-102. - Applicability. - § 6A-4-102. Applicability. (a) To the extent that items within...

Section 6A-4-103. - Variation by agreement — Measure of damages — Action constituting ordinary care. - § 6A-4-103. Variation by agreement — Measure of damages —...

Section 6A-4-104. - Definitions and index of definitions. - § 6A-4-104. Definitions and index of definitions. (a) In this...

Section 6A-4-105. - “Bank” — “Depositary bank” — “Payor bank” — “Intermediary bank” — “Collecting bank” — “Presenting bank”. - § 6A-4-105. “Bank” — “Depositary bank” — “Payor bank” —...

Section 6A-4-106. - Payable through or payable at bank: collecting bank. - § 6A-4-106. Payable through or payable at bank: collecting bank....

Section 6A-4-107. - Separate office of bank. - § 6A-4-107. Separate office of bank. A branch or separate...

Section 6A-4-108. - Time of receipt of items. - § 6A-4-108. Time of receipt of items. (a) For the...

Section 6A-4-109. - Delays. - § 6A-4-109. Delays. (a) Unless otherwise instructed, a collecting bank...

Section 6A-4-110. - Electronic presentment. - § 6A-4-110. Electronic presentment. (a) “Agreement for electronic presentment” means...

Section 6A-4-111. - Statute of limitations. - § 6A-4-111. Statute of limitations. An action to enforce an...

Part 2 - Collection of Items: Depositary and Collecting Banks

Section 6A-4-201. - Status of collecting bank as agent and provisional status of credits — Applicability of article — Item indorsed “Pay Any Bank”. - § 6A-4-201. Status of collecting bank as agent and provisional...

Section 6A-4-202. - Responsibility for collection or return — When action timely. - § 6A-4-202. Responsibility for collection or return — When action...

Section 6A-4-203. - Effect of instructions. - § 6A-4-203. Effect of instructions. Subject to chapter 3 of...

Section 6A-4-204. - Methods of sending and presenting — Sending directly to payor bank. - § 6A-4-204. Methods of sending and presenting — Sending directly...

Section 6A-4-205. - Depositary bank holder of unindorsed item. - § 6A-4-205. Depositary bank holder of unindorsed item. If a...

Section 6A-4-206. - Transfer between banks. - § 6A-4-206. Transfer between banks. Any agreed method that identifies...

Section 6A-4-207. - Transfer warranties. - § 6A-4-207. Transfer warranties. (a) A customer or collecting bank...

Section 6A-4-208. - Presentment warranties. - § 6A-4-208. Presentment warranties. (a) If an unaccepted draft is...

Section 6A-4-209. - Encoding and retention warranties. - § 6A-4-209. Encoding and retention warranties. (a) A person who...

Section 6A-4-210. - Security interest of collecting bank in items, accompanying documents and proceeds. - § 6A-4-210. Security interest of collecting bank in items, accompanying...

Section 6A-4-211. - When bank gives value for purposes of holder in due course. - § 6A-4-211. When bank gives value for purposes of holder...

Section 6A-4-212. - Presentment by notice of item not payable by, through, or at bank — Liability of drawer or indorser. - § 6A-4-212. Presentment by notice of item not payable by,...

Section 6A-4-213. - Medium and time of settlement by bank. - § 6A-4-213. Medium and time of settlement by bank. (a)...

Section 6A-4-214. - Right of charge-back or refund — Liability of collecting bank — Return of item. - § 6A-4-214. Right of charge-back or refund — Liability of...

Section 6A-4-215. - Final payment of item by payor bank — When provisional debits and credits become final — When certain credits become available for withdrawal. - § 6A-4-215. Final payment of item by payor bank —...

Section 6A-4-216. - Insolvency and preference. - § 6A-4-216. Insolvency and preference. (a) If an item is...

Part 3 - Collection of Items: Payor Banks

Section 6A-4-301. - Deferred posting — Recovery of payment by return of items — Time of dishonor — Return of items by payor bank. - § 6A-4-301. Deferred posting — Recovery of payment by return...

Section 6A-4-302. - Payor bank’s responsibility for late return of item. - § 6A-4-302. Payor bank’s responsibility for late return of item....

Section 6A-4-303. - When items subject to notice, stop-payment order, legal process, or setoff — Order in which items may be charged or certified. - § 6A-4-303. When items subject to notice, stop-payment order, legal...

Part 4 - Relationship Between Payor Bank and It’s Customer

Section 6A-4-401. - When bank may charge customer’s account. - § 6A-4-401. When bank may charge customer’s account. (a) A...

Section 6A-4-402. - Bank’s liability to customer for wrongful dishonor — Time of determining insufficiency of account. - § 6A-4-402. Bank’s liability to customer for wrongful dishonor —...

Section 6A-4-403. - Customer’s right to stop payment — Burden of proof of loss. - § 6A-4-403. Customer’s right to stop payment — Burden of...

Section 6A-4-404. - Bank not obliged to pay check more than six months old. - § 6A-4-404. Bank not obliged to pay check more than...

Section 6A-4-405. - Death or incompetence of customer. - § 6A-4-405. Death or incompetence of customer. (a) A payor...

Section 6A-4-406. - Customer’s duty to discover and report unauthorized signature or alteration. - § 6A-4-406. Customer’s duty to discover and report unauthorized signature...

Section 6A-4-407. - Payor bank’s right to subrogation on improper payment. - § 6A-4-407. Payor bank’s right to subrogation on improper payment....

Part 5 - Collection of Documentary Drafts

Section 6A-4-501. - Handling of documentary drafts — Duty to send for presentment and to notify customer of dishonor. - § 6A-4-501. Handling of documentary drafts — Duty to send...

Section 6A-4-502. - Presentment of “on arrival” drafts. - § 6A-4-502. Presentment of “on arrival” drafts. If a draft...

Section 6A-4-503. - Responsibility of presenting bank for documents and goods — Report of reasons for dishonor — Referee in case of need. - § 6A-4-503. Responsibility of presenting bank for documents and goods...

Section 6A-4-504. - Privilege of presenting bank to deal with goods — Security interest for expenses. - § 6A-4-504. Privilege of presenting bank to deal with goods...

Section 6A-4-505. - Official Comments. - § 6A-4-505. Official Comments. It is the intention of the...