Collection of Items: Depositary and Collecting Banks

  1. Law
  2. District of Columbia Code
  3. Commercial Instruments and Transactions. [Enacted title]
  4. Uniform Commercial Code
  5. Bank Deposits and Collections
  6. Collection of Items: Depositary and Collecting Banks

Checkout our iOS App for a better way to browser and research.

Section
28:4-201

Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed “pay any bank”

Section
28:4-202

Responsibility for collection or return; when action timely

Section
28:4-203

Effect of instructions

Section
28:4-204

Methods of sending and presenting; sending directly to payor bank

Section
28:4-205

Depositary bank holder of unindorsed item

Section
28:4-206

Transfer between banks

Section
28:4-207

Transfer warranties

Section
28:4-208

Presentment warranties

Section
28:4-209

Encoding and retention warranties

Section
28:4-210

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

Section
28:4-211

When bank gives value for purposes of holder in due course

Section
28:4-212

Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser

Section
28:4-213

Medium and time of settlement by bank

Section
28:4-214

Right of charge-back or refund; liability of collecting bank; return of item

Section
28:4-215

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

Section
28:4-216

Insolvency and preference