Part 2 - Collection of Items - Depositary and Collecting Banks | Midpage

Collections
Oklahoma Statutes

Part 2 - Collection of Items - Depositary and Collecting Banks

Part 2 - Collection of Items - Depositary and Collecting Banks

4-201Status of Collecting Bank as Agent and Provisional Status of Credits - Applicability of Article - Item Endorsed Pay Any Bank 4-202Responsibility for Collection or Return - When Action Timely 4-203Effect of Instructions 4-204Methods of Sending and Presenting; Sending Directly to Payor Bank 4-205Depositary Bank Holder of Unindorsed Item 4-206Transfer Between Banks 4-207Transfer Warranties 4-208Presentment Warranties 4-209Encoding and Retention Warranties 4-210Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds 4-211When Bank Gives Value for Purposes of Holder In Due Course 4-213Medium and Time of Settlement by Bank 4-214Right of Charge-Back or Refund - Liability of Collecting Bank - Return of Item 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 4-212Presentment by Notice of Item Not Payable By, Through, or at Bank - Liability of Drawer or Indorser