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  4. New-Mexico
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  6. Chapter 55 - Uniform Commer...
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  8. Article 4 - Bank Deposits ...
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  10. Part 2 - COLLECTION OF ITEMS - DEPOSITARY AND C...


Part 2 - COLLECTION OF ITEMS - DEPOSITARY AND COLLECTING BANKS


  • Section 55-4-201 - Status of collecting banks as agent and provisional status of credits; applicability of article; item indorsed "pay any bank".
  • Section 55-4-202 - Responsibility for collection or return; when action timely.
  • Section 55-4-203 - Effect of instructions.
  • Section 55-4-204 - Methods of sending and presenting; sending directly to payor bank.
  • Section 55-4-205 - Depositary bank holder of unindorsed item.
  • Section 55-4-206 - Transfer between banks.
  • Section 55-4-207 - Transfer warranties.
  • Section 55-4-208 - Presentment warranties.
  • Section 55-4-209 - Encoding and retention warranties.
  • Section 55-4-210 - Security interest of collecting bank in items, accompanying documents and proceeds.
  • Section 55-4-211 - When bank gives value for purposes of holder in due course.
  • Section 55-4-212 - Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser.
  • Section 55-4-213 - Medium and time of settlement by bank.
  • Section 55-4-214 - Right of charge-back or refund; liability of collecting bank; return of item.
  • Section 55-4-215 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
  • Section 55-4-216 - Insolvency and preference.
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