Collection of Items — Depositary and Collecting Banks

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Uniform Commercial Code
  5. Bank Deposits and Collections
  6. Collection of Items — Depositary and Collecting Banks

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Section
4-4-201

Status of collecting bank as agent and provisional status of credits — Applicability of chapter — Item indorsed “Pay Any Bank”

Section
4-4-202

Responsibility for collection or return — When action timely

Section
4-4-203

Effect of instructions

Section
4-4-204

Methods of sending and presenting — Sending directly to payor bank

Section
4-4-205

Depositary bank holder of unindorsed item

Section
4-4-206

Transfer between banks

Section
4-4-207

Transfer warranties

Section
4-4-208

Presentment warranties

Section
4-4-209

Encoding and retention warranties

Section
4-4-210

Security interest of collecting bank in items, accompanying documents, and proceeds

Section
4-4-211

When bank gives value for purposes of holder in due course

Section
4-4-212

Presentment by notice of item not payable by, through, or at bank — Liability of drawer or indorser

Section
4-4-213

Medium and time of settlement by bank

Section
4-4-214

Right of charge-back or refund — Liability of collecting bank — Return of item

Section
4-4-215

Final payment of item by payor bank — When provisional debits and credits become final — When certain credits become available for withdrawal

Section
4-4-216

Insolvency and preference