Collection of Items: Payor Banks | Midpage

Collections
Code of Alabama

Part 3

Collection of Items: Payor Banks

7-4-301Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank.7-4-302Payor Bank’s Responsibility for Late Return of Item.7-4-303When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified.