Part 2 Collection of Items: Depositary and Collecting Banks

This part is comprised of the following sections:
  • §8.4-201 Status of collecting bank as agent and provisional status of credits; applicability of title; item endorsed “pay any bank.”
  • §8.4-202 Responsibility for collection or return; when action timely
  • §8.4-203 Effect of instructions
  • §8.4-204 Methods of sending and presenting; sending directly to payor bank
  • §8.4-205 Repealed
  • §8.4-205.1 Depositary bank holder of unendorsed item
  • §8.4-206 Transfer between banks
  • §8.4-207 Repealed
  • §8.4-207.1 Transfer warranties
  • §8.4-207.2 Presentment warranties
  • §8.4-207.3 Encoding and retention warranties
  • §8.4-208 Security interest of collecting bank in items, accompanying documents and proceeds
  • §8.4-209 When bank gives value for purposes of holder in due course
  • §8.4-210 Presentment by notice of item not payable by, through or at a bank; liability of drawer or endorser
  • §8.4-211 Repealed
  • §8.4-211.1 Medium and time of settlement by bank
  • §8.4-212 Right of charge-back or refund; liability of collecting banks; return of item
  • §8.4-213 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
  • §8.4-214 Insolvency and preference