U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS (2002)

PART 1. GENERAL PROVISIONS AND DEFINITIONS

PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

  • § 4-201 . STATUS OF COLLECTING BANK AS AGENT AND PROVISIONAL STATUS OF CREDITS; APPLICABILITY OF ARTICLE; ITEM INDORSED "PAY ANY BANK".
  • § 4-202 . RESPONSIBILITY FOR COLLECTION OR RETURN; WHEN ACTION TIMELY.
  • § 4-203 . EFFECT OF INSTRUCTIONS.
  • § 4-204 . METHODS OF SENDING AND PRESENTING; SENDING DIRECTLY TO PAYOR BANK.
  • § 4-205 . DEPOSITARY BANK HOLDER OF UNINDORSED ITEM.
  • § 4-206 . TRANSFER BETWEEN BANKS.
  • § 4-207 . TRANSFER WARRANTIES.
  • § 4-208 . PRESENTMENT WARRANTIES.
  • § 4-209 . ENCODING AND RETENTION WARRANTIES.
  • § 4-210 . SECURITY INTEREST OF COLLECTING BANK IN ITEMS, ACCOMPANYING DOCUMENTS AND PROCEEDS.
  • § 4-211 . WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER IN DUE COURSE.
  • § 4-212 . PRESENTMENT BY NOTICE OF ITEM NOT PAYABLE BY, THROUGH, OR AT BANK; LIABILITY OF DRAWER OR INDORSER.
  • § 4-213 . MEDIUM AND TIME OF SETTLEMENT BY BANK.
  • § 4-214 . RIGHT OF CHARGE-BACK OR REFUND; LIABILITY OF COLLECTING BANK; RETURN OF ITEM.
  • § 4-215 . FINAL PAYMENT OF ITEM BY PAYOR BANK; WHEN PROVISIONAL DEBITS AND CREDITS BECOME FINAL; WHEN CERTAIN CREDITS BECOME AVAILABLE FOR WITHDRAWAL.
  • § 4-216 . INSOLVENCY AND PREFERENCE.

PART 3. COLLECTION OF ITEMS: PAYOR BANKS.

  • § 4-301 . DEFERRED POSTING; RECOVERY OF PAYMENT BY RETURN OF ITEMS; TIME OF DISHONOR; RETURN OF ITEMS BY PAYOR BANK.
  • § 4-302 . PAYOR BANK'S RESPONSIBILITY FOR LATE RETURN OF ITEM.
  • § 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

  • § 4-401 . WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT.
  • § 4-402 . BANK'S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR; TIME OF DETERMINING INSUFFICIENCY OF ACCOUNT.
  • § 4-403 . CUSTOMER'S RIGHT TO STOP PAYMENT; BURDEN OF PROOF OF LOSS.
  • § 4-404 . BANK NOT OBLIGED TO PAY CHECK MORE THAN SIX MONTHS OLD.
  • § 4-405 . DEATH OR INCOMPETENCE OF CUSTOMER.
  • § 4-406 . CUSTOMER'S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE OR ALTERATION.
  • § 4-407 . PAYOR BANK'S RIGHT TO SUBROGATION ON IMPROPER PAYMENT.

PART 5. COLLECTION OF DOCUMENTARY DRAFTS

  • § 4-501 . HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR PRESENTMENT AND TO NOTIFY CUSTOMER OF DISHONOR.
  • § 4-502 . PRESENTMENT OF "ON ARRIVAL" DRAFTS.
  • § 4-503 . RESPONSIBILITY OF PRESENTING BANK FOR DOCUMENTS AND GOODS; REPORT OF REASONS FOR DISHONOR; REFEREE IN CASE OF NEED.
  • § 4-504 . PRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS; SECURITY INTEREST FOR EXPENSES.