Collections
Maryland Code

2

Collection of Items: Depositary and Collecting Banks

State of Maryland

4-201Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Title; Item Indorsed “Pay Any Bank”4-202Responsibility for Collection; when Action Seasonable 4-203Effect of Instructions 4-204Methods of Sending and Presenting; Sending Direct to Payor Bank 4-205Responsibilities of Depository Bank at Time Item is Delivered for Collection 4-206Transfer Between Banks 4-207Warrants Made to Transferee 4-208Warranties Associated with Unaccepted Drafts 4-209Warranties Pursuant to Electronic Presentment 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 a Bank; Liability of Secondary Parties 4-213Medium and Time of Settlement by a Bank 4-214Right of Charge–Back or Refund 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