Bank Deposits and Collections

  1. Law
  2. Massachusetts General Laws
  3. Administration of the Government
  4. Regulation of Trade
  5. Uniform Commercial Code
  6. Bank Deposits and Collections

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Section
4-101

Short Title

Section
4-102

Applicability

Section
4-103

Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care

Section
4-104

Definitions and Index of Definitions

Section
4-105

Bank; Depositary Bank; Payor Bank; Intermediary Bank; Collecting Bank; Presenting Bank

Section
4-106

Payable Through or Payable at Bank; Collecting Bank

Section
4-107

Separate Office of Bank

Section
4-108

Time of Receipt of Items

Section
4-109

Delays

Section
4-110

Electronic Presentment

Section
4-111

Statute of Limitations

Section
4-201

Status of Collecting Bank as Agent and Provisional Status of Credits; Applicability of Article; 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 Direct 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 Final; When Certain Credits Become Available for Withdrawal

Section
4-216

Insolvency and Preference

Section
4-301

Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank

Section
4-302

Payor Bank's Responsibility for Late Return of Item

Section
4-303

When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified

Section
4-401

When Bank May Charge Customer's Account

Section
4-402

Bank's Liability to Customer for Wrongful Dishonor; Time of Determining Insufficiency of Account

Section
4-403

Customer's Right to Stop Payment; Burden of Proof of Loss

Section
4-404

Bank Not Obliged to Pay Check More Than Six Months Old

Section
4-405

Death or Incompetence of Customer

Section
4-406

Customer's Duty to Discover and Report Unauthorized Signature or Alteration

Section
4-407

Payor Bank's Right to Subrogation on Improper Payment

Section
4-501

Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor

Section
4-502

Presentment of ''on Arrival'' Drafts

Section
4-503

Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need

Section
4-504

Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses