Arkansas Code Title 4, Subtitle 1, Chapter 4, Part 1 - General Provisions and Definitions
- § 4-4-101 - Short Title.
This chapter may be cited as Uniform Commercial Code -- Bank Deposits and Collections.
- § 4-4-102 - Applicability.
(a) To the extent that items within this chapter are also within chapters 3 and 8 of this subtitle, they are subject to those...
- § 4-4-103 - Variation by Agreement -- Measure of Damages -- Action Constituting Ordinary Care.
(a) The effect of the provisions of this chapter may be varied by agreement, but the parties to the agreement cannot disclaim a bank's...
- § 4-4-104 - Definitions and Index of Definitions.
(a) In this chapter, unless the context otherwise requires: (1) "Account" means any deposit or credit account with a bank, including a demand, time,...
- § 4-4-105 - Definitions of Types of Banks.
In this chapter: (1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union,...
- § 4-4-106 - Payable Through or Payable At Bank -- Collecting Bank.
(a) If an item states that it is "payable through" a bank identified in the item, (i) the item designates the bank as a...
- § 4-4-107 - Separate Office of a Bank.
A branch or separate office of a bank is a separate bank for the purpose of computing the time within which and determining the...
- § 4-4-108 - Time of Receipt of Items.
(a) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position...
- § 4-4-109 - Delays.
(a) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other...
- § 4-4-110 - Electronic Presentment.
(a) "Agreement for electronic presentment" means an agreement, clearinghouse rule, or Federal Reserve regulation or operating circular, providing that presentment of an item may...
- § 4-4-111 - Statute of Limitations.
An action to enforce an obligation, duty, or right arising under this chapter must be commenced within three (3) years after the cause of...
Last modified: November 15, 2016