Collections
Indiana Code

Chapter 4

IC 26-1-4

Bank Deposits and Collections

101Short title 102Applicability 102.5Application of bank provisions to supervised financial organizations 103Variation by agreement; measure of damages; action constituting ordinary care 104Definitions and index of definitions 105"Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"106Payable through or payable at bank; collecting bank 107Separate office of bank 108Time of receipt of items 109Delays 110Electronic presentment 111Statute of limitations 201Status of collecting banks as agent and provisional status of credits; applicability of chapter; item endorsed "pay any bank"202Responsibility for collection or return; when action timely 203Effect of instructions 204Methods of sending and presenting; sending directly to payor bank 205Depositary bank holder of unendorsed items 206Transfer between banks 207Transfer warranties 208Presentment warranties 209Encoding and retention warranties 210Security interest of collecting bank in items, accompanying documents, and proceeds 211When bank gives value for purposes of holder in due course 212Presentment by notice of item not payable by, through, or at bank; liability of drawer or endorser 213Medium and time of settlement by bank 214Right of charge-back or refund; liability of collecting bank; return of item 215Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal 216Insolvency and preference 301Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank 302Payor bank's responsibility for late return of item 303When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified 401When bank may charge customer's account 402Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account 403Customer's right to stop payment; burden of proof of loss 404Bank not obligated to pay check more than six months old 405Death or incompetence of customer 406Customer's duty to discover and report unauthorized signature or alteration 407Payor bank's right to subrogation on improper payment 501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor 502Presentment of "on arrival" drafts 503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case needed 504Privilege of presenting bank to deal with goods; security interest for expenses