• § 11-4-201 - Status of Collecting Bank As Agent and Provisional Status of Credits; Applicability of Article; Item Indorsed "Pay Any Bank."
  (a) Unless a contrary intent clearly appears and before the time that a settlement given by a collecting bank for an item is or...
• § 11-4-202 - Responsibility for Collection or Return; When Action Timely
  (a) A collecting bank must exercise ordinary care in: (1) Presenting an item or sending it for presentment; (2) Sending notice of dishonor or...
• § 11-4-203 - Effect of Instructions
  Subject to Article 3 of this title concerning conversion of instruments (Code Section 11-3-420) and restrictive indorsements (Code Section 11-3-206), only a collecting bank's...
• § 11-4-204 - Methods of Sending and Presenting; Sending Directly to Payor Bank
  (a) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number...
• § 11-4-205 - Depositary Bank Holder of Unindorsed Item
  If a customer delivers an item to a depositary bank for collection: (1) The depositary bank becomes a holder of the item at the...
• § 11-4-206 - Transfer Between Banks
  Any agreed method that identifies the transferor bank is sufficient for the item's further transfer to another bank.
• § 11-4-207 - Transfer Warranties
  (a) A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any...
• § 11-4-208 - Presentment Warranties
  (a) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person...
• § 11-4-209 - Encoding and Retention Warranties
  (a) A person who encodes information on or with respect to an item after issue warrants to any subsequent collecting bank and to the...
• § 11-4-210 - Security Interest of Collecting Bank in Items, Accompanying Documents, and Proceeds
  (a) A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either: (1) In case of...
• § 11-4-211 - When Bank Gives Value for Purposes of Holder in Due Course
  For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security...
• § 11-4-212 - Presentment by Notice of Item Not Payable By, Through, or At a Bank; Liability of Drawer or Indorser
  (a) Unless otherwise instructed, a collecting bank may present an item not payable by, through, or at a bank by sending to the party...
• § 11-4-213 - Medium and Time of Settlement by Bank
  (a) With respect to settlement by a bank, the medium and time of settlement may be prescribed by federal reserve regulations or circulars, clearing-house...
• § 11-4-214 - Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item
  (a) If a collecting bank has made provisional settlement with its customer for an item and fails by reason of dishonor, suspension of payments...
• § 11-4-215 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal
  (a) An item is finally paid by a payor bank when the bank has first done any of the following: (1) Paid the item...
• § 11-4-216 - Insolvency and Preference
  (a) If an item is in or comes into the possession of a payor or collecting bank that suspends payment and the item has...

Last modified: October 14, 2016