Code of Virginia - Title 8.4 Commercial Code - Bank Deposits And Collections - Part 4 Relationship Between Payor Bank And Its Customer

• 8.4-401 When bank may charge customer's account
  (a) A bank may charge against the account of a customer an item that is properly payable from that account even though the charge creates ...
• 8.4-402 Bank's liability to customer for wrongful dishonor; time of determining insufficiency of accoun...
  (a) Except as otherwise provided in this title, a payor bank wrongfully dishonors an item if it dishonors an item that is properly payable, but ...
• 8.4-403 Customer's right to stop payment; burden of proof of loss
  (a) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item ...
• 8.4-404 Bank not obligated to pay check more than six months old
  A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented ...
• 8.4-405 Death or incompetence of customer
  (a) A payor or collecting bank's authority to accept, pay or collect an item or to account for proceeds of its collection if otherwise effective ...
• 8.4-406 Customer's duty to discover and report unauthorized signature or alteration
  (a) A bank that sends or makes available to a customer a statement of account showing payment of items for the account shall either return ...
• 8.4-407 Payor bank's right to subrogation on improper payment
  If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after an account has been ...

Last modified: April 3, 2009