Applicability

1. Law
2. Georgia Code
3. Commercial Code
4. Bank Deposits and Collections
5. General Provisions and Definitions
6. Applicability

1. To the extent that items within this article are also within Articles 3 and 8 of this title, they are subject to those articles. If there is conflict, this article governs Article 3 of this title, but Article 8 of this title governs this article.
2. The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located. In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.

(Code 1933, § 109A-4 - 102, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 4.)

Law reviews.

- For review of 1996 commercial code legislation, see 13 Ga. St. U.L. Rev. 41.

JUDICIAL DECISIONS

Cited in Perini Corp. v. First Nat'l Bank, 553 F.2d 398 (5th Cir. 1977); Clements v. Central Bank, 155 Ga. App. 27, 270 S.E.2d 194 (1980); Great W. Bank v. Steve James Ford, Inc., 915 F. Supp. 392 (S.D. Ga. 1996).

RESEARCH REFERENCES

Am. Jur. 2d.

- 11 Am. Jur. 2d, Banks and Financial Institutions, §§ 970, 978. 15A Am. Jur. 2d, Commercial Code, § 11.

C.J.S.

- 9 C.J.S., Banks and Banking, § 382.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 4-102.

ALR.

- Liability of bank for loss of liberty bonds, 17 A.L.R. 1217; 31 A.L.R. 703; 40 A.L.R. 899.

Authority of bank officer or employee to bind bank by endorsement or guaranty of paper for accommodation of third person, 37 A.L.R. 1373.

Bankruptcy: provability of judgment for tort, 37 A.L.R. 1442.

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