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South Dakota Codified Laws

Chapter 57A-4

S.D. Codified Laws ch. 57A-4

Bank Deposits and Collections

57A-4-101Short title.57A-4-102Applicability.57A-4-103Variation by agreement--Measure of damages--Certain action constituting ordinary care.57A-4-104Definitions and index of definitions.57A-4-105"Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank".57A-4-106Payable through or payable at bank--Collecting bank.57A-4-107Separate office of a bank.57A-4-108Time of receipt of items.57A-4-109Delays.57A-4-110Electronic presentment.57A-4-111Statute of limitations.57A-4-201Status of collecting bank as agent and provisional status of credits--Applicability of chapter--Item indorsed "pay any bank".57A-4-202Responsibility for collection or return--When action timely.57A-4-203Effect of instructions.57A-4-204Methods of sending and presenting--Sending directly to payor bank.57A-4-205Depositary bank holder of unendorsed item.57A-4-206Transfer between banks.57A-4-207Transfer warranties.57A-4-208Presentment warranties.57A-4-209Encoding and retention warranties.57A-4-210Security interest of collecting bank in items, accompanying documents, and proceeds.57A-4-211When bank gives value for purposes of holder in due course.57A-4-212Presentment by notice of item not payable by, through, or at a bank--Liability of drawer or indorser.57A-4-213Medium and time of settlement by bank.57A-4-214Right of charge-back or refund; Liability of collecting bank; Return of item.57A-4-215Final payment of item by payor bank--When provisional debits and credits become final--When certain credits become available for withdrawal.57A-4-216Insolvency and preference.57A-4-301Deferred posting--Recovery of payment by return of items--Time of dishonor--Return of items by payor bank.57A-4-302Payor bank's responsibility for late return of item.57A-4-303When items subject to notice, stop-payment order, legal process, or setoff--Order in which items may be charged or certified.57A-4-401When bank may charge customer's account.57A-4-402Bank's liability to customer for wrongful dishonor--Time of determining insufficiency of account.57A-4-403Customer's right to stop payment--Burden of proof of loss.57A-4-404Bank not obligated to pay check more than six months old.57A-4-405Death or incompetence of customer.57A-4-406Customer's duty to discover and report unauthorized signature or alteration.57A-4-407Payor bank's right to subrogation on improper payment.57A-4-501Handling of documentary drafts; Duty to send for presentment and to notify customer of dishonor.57A-4-502Presentment of "on arrival" drafts.57A-4-503Responsibility of presenting bank for documents and goods--Report of reasons for dishonor--Referee in case of need.57A-4-504Privilege of presenting bank to deal with goods--Security interest for expenses.