Collection of Items; Depositary and Collecting Banks | Midpage

Collections
Delaware Code

2

Collection of Items; Depositary and Collecting Banks

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