COLLECTION OF ITEMS - DEPOSITARY AND COLLECTING BANKS

  1. Law
  2. New Mexico Statutes
  3. Uniform Commercial Code
  4. Bank Deposits and Collections
  5. COLLECTION OF ITEMS - DEPOSITARY AND COLLECTING BANKS

Checkout our iOS App for a better way to browser and research.

Section
55-4-201

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

Section
55-4-202

Responsibility for collection or return; when action timely.

Section
55-4-203

Effect of instructions.

Section
55-4-204

Methods of sending and presenting; sending directly to payor bank.

Section
55-4-205

Depositary bank holder of unindorsed item.

Section
55-4-206

Transfer between banks.

Section
55-4-207

Transfer warranties.

Section
55-4-208

Presentment warranties.

Section
55-4-209

Encoding and retention warranties.

Section
55-4-210

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

Section
55-4-211

When bank gives value for purposes of holder in due course.

Section
55-4-212

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

Section
55-4-213

Medium and time of settlement by bank.

Section
55-4-214

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

Section
55-4-215

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

Section
55-4-216

Insolvency and preference.