RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER

  1. Law
  2. New Mexico Statutes
  3. Uniform Commercial Code
  4. Bank Deposits and Collections
  5. RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER

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Section
55-4-401

When bank may charge customer's account.

Section
55-4-402

Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.

Section
55-4-403

Customer's right to stop payment; burden of proof of loss.

Section
55-4-404

Bank not obliged to pay check more than six months old.

Section
55-4-405

Death or incompetence of customer.

Section
55-4-406

Customer's duty to discover and report unauthorized signature or alteration.

Section
55-4-407

Payor bank's right to subrogation on improper payment.