Collection of Items Depositary and Collecting Banks

  1. Law
  2. Montana Code Annotated
  3. Trade and Commerce
  4. Uniform Commercial Code Bank Deposits and Collections
  5. Collection of Items Depositary and Collecting Banks

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Section
30-4-201

Presumption and duration of agency status of collecting banks and provisional status of credits -- applicability of chapter -- item endorsed "pay any bank"

Section
30-4-202

Responsibility for collection or return -- when action timely

Section
30-4-203

Effect of instructions

Section
30-4-204

Methods of sending and presenting -- sending directly to payor bank

Section
30-4-205

Depositary bank holder of unindorsed item

Section
30-4-206

Transfer between banks

Section
30-4-207

Transfer warranties

Section
30-4-208

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

Section
30-4-209

When bank gives value for purposes of holder in due course

Section
30-4-210

Presentment by notice of item not payable by, through, or at a bank -- liability of secondary parties

Section
30-4-211

Medium and time of settlement by bank

Section
30-4-212

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

Section
30-4-213

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

Section
30-4-214

Insolvency and preference

Section
30-4-215

Presentment warranties

Section
30-4-216

Encoding and retention warranties