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  8. Chapter 42 - Collection of Items: Depositary an...


Chapter 42 - Collection of Items: Depositary and Collecting Banks


  • Chapter Notes
  • Section 4201 - Status of collecting bank as agent and provisional status of credits; applicability of division; item indorsed "pay any bank."
  • Section 4202 - Responsibility for collection or return; when action timely
  • Section 4203 - Effect of instructions
  • Section 4204 - Methods of sending and presenting; sending directly to payor bank
  • Section 4205 - Depositary bank holder of unindorsed item
  • Section 4206 - Transfer between banks
  • Section 4207 - Transfer warranties
  • Section 4208 - Presentment warranties
  • Section 4209 - Encoding and retention warranties
  • Section 4210 - Security interest of collecting bank in items, accompanying documents and proceeds
  • Section 4211 - When bank gives value for purposes of holder in due course
  • Section 4212 - Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
  • Section 4213 - Medium and time of settlement by bank
  • Section 4214 - Right of charge-back or refund; liability of collecting bank; return of item
  • Section 4215 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
  • Section 4216 - Insolvency and preference
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