47-3312. Lost, destroyed or stolen cashier's
check, teller's check or certified check


A. In this section:


1. "Check" means a , or .


2. "Claimant" means a person who claims the right to receive the amount of a , or
that was lost, destroyed or stolen.


3. "Declaration of loss" means a written statement, made under penalty of perjury,
to the effect that all of the following:


(a) The declarer lost possession of a check.


(b) The declarer is the drawer or payee of the check, in the case of a certified
check, or the remitter or payee of the check, in the case of a or .


(c) The loss of possession was not the result of a transfer by the declarer or a
lawful seizure.


(d) The declarer cannot reasonably obtain possession of the check because the check
was destroyed, its whereabouts cannot be determined or it is in the wrongful possession
of an unknown person or a person that cannot be found or is not amenable to service of
process.


4. "Obligated bank" means the issuer of a or or the acceptor of a .


B. A claimant may assert a claim to the amount of a check by a communication to the
obligated bank describing the check with reasonable certainty and requesting payment of
the amount of the check, if all of the following:


1. The claimant is the drawer or payee of a certified check or the remitter or
payee of a cashier's check or teller's check.


2. The communication contains or is accompanied by a declaration of loss of the
claimant with respect to the check.


3. The communication is received at a time and in a manner affording the bank a
reasonable time to act on it before the check is paid.


4. The claimant provides reasonable identification if requested by the obligated
bank.


C. Delivery of a declaration of loss is a warranty of the truth of the statements
made in the declaration. If a claim is asserted in compliance with subsection B of this
section, the following rules apply:


1. The claim becomes enforceable at the later of either of the following:


(a) The time the claim is asserted.


(b) The ninetieth day following the date of the check, in the case of a or , or the
ninetieth day following the date of the acceptance, in the case of a .


2. Until the claim becomes enforceable, it has no legal effect and the obligated
bank may pay the check or, in the case of a teller's check, may permit the drawee to pay
the check. Payment to a person entitled to enforce the check discharges all liability of
the obligated bank with respect to the check.


3. If the claim becomes enforceable before the check is presented for payment, the
obligated bank is not obliged to pay the check.


4. When the claim becomes enforceable, the obligated bank becomes obliged to pay
the amount of the check to the claimant if payment of the check has not been made to a
person entitled to enforce the check. Subject to section 7-4302, subsection A, paragraph
1, payment to the claimant discharges all liability of the obligated bank with respect to
the check.


D. If the obligated bank pays the amount of a check to a claimant under subsection
C, paragraph 4 of this section and the check is presented for payment by a person having
rights of a holder in due course, the claimant is obliged to either:


1. Refund the payment to the obligated bank if the check is paid.


2. Pay the amount of the check to the person having rights of a holder in due
course if the check is dishonored.


E. If a claimant has the right to assert a claim under subsection B of this section
and is also a person entitled to enforce a cashier's check, teller's check or certified
check which is lost, destroyed or stolen, the claimant may assert rights with respect to
the check either under this section or section .