Collections
New Mexico Statutes Annotated 1978

4

Bank Deposits and Collections

State of New Mexico

55-4-101Short title 55-4-102Applicability 55-4-103Variation by agreement; measure of damages; action constituting ordinary care 55-4-104Definitions and index of definitions 55-4-105Definitions of types of banks 55-4-106Payable through or payable at bank; collecting bank 55-4-107Separate office of a bank 55-4-108Time of receipt of items 55-4-109Delays 55-4-110Electronic presentment 55-4-111Statute of limitations 55-4-201Status of collecting banks as agent and provisional status of credits; applicability of article; item indorsed "pay any bank"55-4-202Responsibility for collection or return; when action timely 55-4-203Effect of instructions 55-4-204Methods of sending and presenting; sending directly to payor bank 55-4-205Depositary bank holder of unindorsed item 55-4-206Transfer between banks 55-4-207Transfer warranties 55-4-208Presentment warranties 55-4-209Encoding and retention warranties 55-4-210Security interest of collecting bank in items, accompanying documents and proceeds 55-4-211When bank gives value for purposes of holder in due course 55-4-212Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser 55-4-213Medium and time of settlement by bank 55-4-214Right of charge-back or refund; liability of collecting bank; return of item 55-4-215Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal 55-4-216Insolvency and preference 55-4-301Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank 55-4-302Payor bank's responsibility for late return of item 55-4-303When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified 55-4-401When bank may charge customer's account 55-4-402Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account 55-4-403Customer's right to stop payment; burden of proof of loss 55-4-404Bank not obliged to pay check more than six months old 55-4-405Death or incompetence of customer 55-4-406Customer's duty to discover and report unauthorized signature or alteration 55-4-407Payor bank's right to subrogation on improper payment 55-4-501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor 55-4-502Presentment of "on arrival" drafts 55-4-503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need 55-4-504Privilege of presenting bank to deal with goods; security interest for expenses