Chapter 4 - Bank Deposits and Collections
- Part 1 - General Provisions and Definitions
- § 4-4-101 - Short title.
- § 4-4-102 - Applicability.
- § 4-4-103 - Variation by agreement -- Measure of damages -- Action constituting ordinary care.
- § 4-4-104 - Definitions and index of definitions.
- § 4-4-105 - Definitions of types of banks.
- § 4-4-106 - Payable through or payable at bank -- Collecting bank.
- § 4-4-107 - Separate office of a bank.
- § 4-4-108 - Time of receipt of items.
- § 4-4-109 - Delays.
- § 4-4-110 - Electronic presentment.
- § 4-4-111 - Statute of limitations.
- Part 2 - Collection of Items -- Depositary and Collecting Banks
- § 4-4-201 - Status of collecting bank as agent and provisional status of credits -- Applicability of chapter -- Item indorsed "Pay Any Bank".
- § 4-4-202 - Responsibility for collection or return -- When action timely.
- § 4-4-203 - Effect of instructions.
- § 4-4-204 - Methods of sending and presenting -- Sending directly to payor bank.
- § 4-4-205 - Depositary bank holder of unindorsed item.
- § 4-4-206 - Transfer between banks.
- § 4-4-207 - Transfer warranties.
- § 4-4-208 - Presentment warranties.
- § 4-4-209 - Encoding and retention warranties.
- § 4-4-210 - Security interest of collecting bank in items, accompanying documents, and proceeds.
- § 4-4-211 - When bank gives value for purposes of holder in due course.
- § 4-4-212 - Presentment by notice of item not payable by, through, or at bank -- Liability of drawer or indorser.
- § 4-4-213 - Medium and time of settlement by bank.
- § 4-4-214 - Right of charge-back or refund -- Liability of collecting bank -- Return of item.
- § 4-4-215 - Final payment of item by payor bank -- When provisional debits and credits become final -- When certain credits become available for withdrawal.
- § 4-4-216 - Insolvency and preference.
- Part 3 - Collection of Items -- Payor Banks
- § 4-4-301 - Deferred posting -- Recovery of payment by return of items -- Time of dishonor -- Return of items by payor bank.
- § 4-4-302 - Payor bank's responsibility for late return of item.
- § 4-4-303 - When items subject to notice, stop-payment order, legal process, or setoff -- Order in which items may be charged or certified.
- Part 4 - Relationship Between Payor Bank and Its Customer
- § 4-4-401 - When bank may charge customer's account.
- § 4-4-402 - Bank's liability to customer for wrongful dishonor -- Time of determining insufficiency of account.
- § 4-4-403 - Customer's right to stop payment -- Burden of proof of loss.
- § 4-4-404 - Bank not obliged to pay check more than six (6) months old.
- § 4-4-405 - Death or incompetence of customer.
- § 4-4-406 - Customer's duty to discover and report unauthorized signature or alteration -- Comparative fault.
- § 4-4-407 - Payor bank's right to subrogation on improper payment.
- Part 5 - Collection of Documentary Drafts
- § 4-4-501 - Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor.
- § 4-4-502 - Presentment of "on arrival" drafts.
- § 4-4-503 - Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need.
- § 4-4-504 - Privilege of presenting bank to deal with goods -- Security interest for expenses.