Collection of Items: Depositary and Collecting Banks | Midpage

Collections
Texas Statutes

Subchapter B

Collection of Items: Depositary and Collecting Banks

4.201Status of Collecting Bank as Agent and Provisional Status of Credits; Applicability of Chapter; Item Indorsed "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 4.205Depository 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 4.212Presentment by Notice of Item Not Payable by, Through or at a Bank; Liability of Drawer or Indorser 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