U.C.C. – ARTICLE 4 – BANK DEPOSITS AND COLLECTIONS (2002)

PART 1. GENERAL PROVISIONS AND DEFINITIONS
PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
PART 3. COLLECTION OF ITEMS: PAYOR BANKS.
PART 4. RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER
  • § 4-401. WHEN BANK MAY CHARGE CUSTOMER’S ACCOUNT.
  • § 4-402. BANK’S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR; TIME OF DETERMINING INSUFFICIENCY OF ACCOUNT.
  • § 4-403. CUSTOMER’S RIGHT TO STOP PAYMENT; BURDEN OF PROOF OF LOSS.
  • § 4-404. BANK NOT OBLIGED TO PAY CHECK MORE THAN SIX MONTHS OLD.
  • § 4-405. DEATH OR INCOMPETENCE OF CUSTOMER.
  • § 4-406. CUSTOMER’S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE OR ALTERATION.
  • § 4-407. PAYOR BANK’S RIGHT TO SUBROGATION ON IMPROPER PAYMENT.

PART 5. COLLECTION OF DOCUMENTARY DRAFTS

  • § 4-501. HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR PRESENTMENT AND TO NOTIFY CUSTOMER OF DISHONOR.
  • § 4-502. PRESENTMENT OF “ON ARRIVAL” DRAFTS.
  • § 4-503. RESPONSIBILITY OF PRESENTING BANK FOR DOCUMENTS AND GOODS; REPORT OF REASONS FOR DISHONOR; REFEREE IN CASE OF NEED.
  • § 4-504. PRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS; SECURITY INTEREST FOR EXPENSES.

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