Collection of Items: Depositary and Collecting Banks. | Midpage

Collections
Code of the District of Columbia

Paragraph 2

Collection of Items: Depositary and Collecting Banks.

28:4-201Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed “pay any bank”.28:4-202Responsibility for collection or return; when action timely.28:4-203Effect of instructions.28:4-204Methods of sending and presenting; sending directly to payor bank.28:4-205Depositary bank holder of unindorsed item.28:4-206Transfer between banks.28:4-207Transfer warranties.28:4-208Presentment warranties.28:4-209Encoding and retention warranties.28:4-210Security interest of collecting bank in items, accompanying documents, and proceeds.28:4-211When bank gives value for purposes of holder in due course.28:4-212Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser.28:4-213Medium and time of settlement by bank.28:4-214Right of charge-back or refund; liability of collecting bank; return of item.28:4-215Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.28:4-216Insolvency and preference.