Collection of Items: Depositary and Collecting Banks

  1. Law
  2. Maryland Code
  3. Commercial Law
  4. Bank Deposits and Collections
  5. Collection of Items: Depositary and Collecting Banks

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Section
4-201

Status of collecting bank as agent and provisional status of credits; applicability of title; item indorsed "pay any bank"

Section
4-202

Responsibility for collection or return; when action timely

Section
4-203

Effect of instructions

Section
4-204

Methods of sending and presenting; sending directly to payor bank

Section
4-205

Depositary bank holder of unindorsed item

Section
4-206

Transfer between banks

Section
4-207

Transfer warranties

Section
4-208

Presentment warranties

Section
4-209

Encoding and retention warranties

Section
4-210

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

Section
4-211

When bank gives value for purposes of holder in due course

Section
4-212

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

Section
4-213

Medium and time of settlement by bank

Section
4-214

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

Section
4-215

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

Section
4-216

Insolvency and preference