New York Uniform Commercial Code Law Part 2 - COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

• 4-201 - Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Article; Item Indorsed "Pay Any Bank
  Section 4--201. Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Article; Item Indorsed "Pay Any Bank". (1)...
• 4-202 - Responsibility for Collection; When Action Seasonable.
  Section 4--202. Responsibility for Collection; When Action Seasonable. (1) A collecting bank must use ordinary care in (a) presenting an item or sending it for...
• 4-203 - Effect of Instructions.
  Section 4--203. Effect of Instructions. Subject to the provisions of Article 3 concerning conversion of instruments (Section 3--419) and the provisions of both Article 3...
• 4-204 - Methods of Sending and Presenting; Sending Direct to Payor Bank.
  Section 4--204. Methods of Sending and Presenting; Sending Direct to Payor Bank. (1) A collecting bank must send items by reasonably prompt method taking into...
• 4-205 - Supplying Missing Indorsement; No Notice From Prior Indorsement.
  Section 4--205. Supplying Missing Indorsement; No Notice From Prior Indorsement. (1) A depositary bank which has taken an item for collection may supply any indorsement...
• 4-206 - Transfer Between Banks.
  Section 4--206. Transfer Between Banks. Any agreed method which identifies the transferor bank is sufficient for the item's further transfer to another bank.
• 4-207 - Warranties of Customer and Collecting Bank on Transfer or Presentment of Items; Time for Claims.
  Section 4--207. Warranties of Customer and Collecting Bank on Transfer or Presentment of Items; Time for Claims. (1) Each customer or collecting bank who obtains...
• 4-208 - Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds.
  Section 4--208. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds. (1) A bank has a security interest in an item and any...
• 4-209 - When Bank Gives Value for Purposes of Holder in Due Course.
  Section 4--209. When Bank Gives Value for Purposes of Holder in Due Course. For purposes of determining its status as a holder in due course,...
• 4-210 - Presentment by Notice of Item Not Payable By, Through or At a Bank; Liability of Secondary Parties.
  Section 4--210. Presentment by Notice of Item Not Payable by, Through or at a Bank; Liability of Secondary Parties. (1) Unless otherwise instructed, a collecting...
• 4-211 - Media of Remittance; Provisional and Final Settlement in Remittance Cases.
  Section 4--211. Media of Remittance; Provisional and Final Settlement in Remittance Cases. (1) A collecting bank may take in settlement of an item (a) a...
• 4-212 - Right of Charge-Back or Refund.
  Section 4--212. Right of Charge-Back or Refund. (1) If a collecting bank has made provisional settlement with its customer for an item and itself fails...
• 4-213 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal.
  Section 4--213. Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal. (1) An...
• 4-214 - Insolvency and Preference.
  Section 4--214. Insolvency and Preference. (1) Any item in or coming into the possession of a payor or collecting bank which suspends payment and which...

Last modified: February 3, 2019