Relationship Between Payor Bank and Its Customer | Midpage

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New York Consolidated Laws

Uniform Commercial Code

4

Relationship Between Payor Bank and Its Customer

4-401When Bank May Charge Customer's Account 4-402Bank's Liability to Customer for Wrongful Dishonor 4-403Customer's Right to Stop Payment; Burden of Proof of Loss 4-404Bank Not Obligated to Pay Check More Than Six Months Old 4-405Death or Incompetence of Customer 4-406Customer's Duty to Discover and Report Unauthorized Signature or Alteration 4-407Payor Bank's Right to Subrogation on Improper Payment 4-408Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check