ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
- Part 1 - General Provisions and Definitions
- 104.4101 - Short title.
- 104.4102 - Applicability.
- 104.4103 - Variation by agreement; measure of damages; action constituting ordinary care.
- 104.4104 - Definitions and index of definitions.
- 104.4105 - “Depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank.”
- 104.4106 - Payable through or payable at bank.
- 104.4107 - Separate office of bank.
- 104.4108 - Time of receipt of items.
- 104.4109 - Delays.
- 104.4110 - Electronic presentment.
- Part 2 - Collection of Items: Depositary and Collecting Banks
- 104.4201 - Status of collecting bank as agent and provisional status of credits; item endorsed “pay any bank.”
- 104.4202 - Responsibility for collection or return; when action timely.
- 104.4203 - Effect of instructions.
- 104.4204 - Methods of sending and presenting; sending directly to payor bank.
- 104.4205 - Depository bank holder of unendorsed item.
- 104.4206 - Transfer between banks.
- 104.4207 - Transfer warranties.
- 104.4208 - Presentment warranties.
- 104.4209 - Encoding and retention warranties.
- 104.4210 - Security interest of collecting bank in items, accompanying documents and proceeds.
- 104.4211 - When bank gives value for purposes of holder in due course.
- 104.4212 - Presentment by notice of item not payable by, through or at bank; liability of drawer or endorser.
- 104.4213 - Medium and time of settlement by bank.
- 104.4214 - Right of charge-back or refund; liability of collecting bank; return of item.
- 104.4215 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
- 104.4216 - Insolvency and preference.
- Part 3 - Collection of Items: Payor Banks
- 104.4301 - Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
- 104.4302 - Payor bank’s responsibility for late return of item.
- 104.4303 - 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
- 104.4401 - When bank may charge customer’s account.
- 104.4402 - Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account.
- 104.4403 - Customer’s right to stop payment; burden of proof of loss.
- 104.4404 - Bank not obligated to pay check more than 6 months old.
- 104.4405 - Death or incompetence of customer.
- 104.4406 - Customer’s duty to discover or report unauthorized signature or alteration.
- 104.4407 - Payor bank’s right to subrogation on improper payment.
- Part 5 - Collection of Documentary Drafts
- 104.4501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
- 104.4502 - Presentment of “on arrival” drafts.
- 104.4503 - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
- 104.4504 - Privilege of presenting bank to deal with goods; security interest for expenses.