Collection of Items: Depositary and Collecting Banks | Midpage

Collections
New York Consolidated Laws

Uniform Commercial Code

2

Collection of Items: Depositary and Collecting Banks

4-201Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Article; Item Indorsed ...4-202Responsibility for Collection; When Action Seasonable 4-203Effect of Instructions 4-204Methods of Sending and Presenting; Sending Direct to Payor Bank 4-205Supplying Missing Indorsement; No Notice From Prior Indorsement 4-206Transfer Between Banks 4-207Warranties of Customer and Collecting Bank on Transfer or Presentment of Items; Time for Claims 4-208Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds 4-209When Bank Gives Value for Purposes of Holder in Due Course 4-210Presentment by Notice of Item Not Payable by, Through or at a Bank; Liability of Secondary Parties 4-211Media of Remittance; Provisional and Final Settlement in Remittance Cases 4-212Right of Charge-Back or Refund 4-213Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal 4-214Insolvency and Preference