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Relationship Between Payor Bank and Its Customer (Ss. 674.401-674.407)
Law
Florida Statutes
Commercial Relations
Uniform Commercial Code: Bank Deposits and Collections
Relationship Between Payor Bank and Its Customer (Ss. 674.401-674.407)
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Section
674.401
When bank may charge customer’s account.
Section
674.402
Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account.
Section
674.403
Customer’s right to stop payment; burden of proof of loss.
Section
674.404
Bank not obliged to pay check more than 6 months old.
Section
674.405
Death or incompetence of customer.
Section
674.406
Customer’s duty to discover and report unauthorized signature or alteration.
Section
674.407
Payor bank’s right to subrogation on improper payment.