Code of Virginia - Title 8.4 Commercial Code - Bank Deposits And Collections - Part 1 General Provisions And Definitions

8.4-101 Short title
This title may be cited as Uniform Commercial Code - Bank Deposits and Collections. (1964, c. 219; 1992, c. 693.) ...

8.4-102 Applicability
(a) To the extent that items within this title are also within the scope of Titles 8.3A and 8.8A, they are subject to those titles. ...

8.4-103 Variation by agreement; measure of damages; action constituting ordinary care
(a) The effect of the provisions of this title may be varied by agreement but the parties to the agreement cannot disclaim a bank's responsibility ...

8.4-104 Definitions and index of definitions
(a) In this title, unless the context otherwise requires: (1) "Account" means any deposit or credit account with a bank including demand, time savings passbook, ...

8.4-105 "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "present
In this title: (1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union or ...

8.4-105.1 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 collecting ...

8.4-106 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 place ...

8.4-107 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 for ...

8.4-108 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 than ...

8.4-109 Description unavailable
Repealed by Acts 1992, c. 693, effective January 1, 1993. ...

8.4-110 Electronic presentment
(a) "Agreement for electronic presentment" means an agreement, clearing-house rule, or Federal Reserve regulation or operating circular, providing that presentment of an item may be ...

8.4-111 Statute of limitations
An action to enforce an obligation, duty, or right arising under this title must be commenced within three years after the cause of action accrues. ...