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Collection of Items: Payor Banks. | Midpage
Collections
Code of the District of Columbia
Title 28
I
Article 4
Paragraph 3
Collection of Items: Payor Banks.
28:4-301
Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
28:4-302
Payor bank’s responsibility for late return of item.
28:4-303
When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.
28:4-401
When bank may charge customer’s account.
28:4-402
Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account.
28:4-403
Customer’s right to stop payment; burden of proof of loss.
28:4-404
Bank not obliged to pay check more than 6 months old.
28:4-405
Death or incompetence of customer.
28:4-406
Customer’s duty to discover and report unauthorized signature or alteration.
28:4-407
Payor bank’s right to subrogation on improper payment.
28:4-501
Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
28:4-502
Presentment of “on arrival” drafts.
28:4-503
Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
28:4-504
Privilege of presenting bank to deal with goods; security interest for expenses.