Relationship Between Payor Bank and Its Customer | Midpage

Collections
Code of Alabama

Part 4

Relationship Between Payor Bank and Its Customer

7-4-401When Bank May Charge Customer’s Account.7-4-402Bank’s Liability to Customer for Wrongful Dishonor; Time of Determining Insufficiency of Account.7-4-403Customer’s Right to Stop Payment; Burden of Proof of Loss.7-4-404Bank Not Obligated to Pay Check More Than Six Months Old.7-4-405Death or Incompetence of Customer.7-4-406Customer’s Duty to Discover and Report Unauthorized Signature or Alteration.7-4-407Payor Bank’s Right to Subrogation on Improper Payment.